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Thread: Rocky's Aqua End of the Line

  1. #1
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    Default Rocky's Aqua End of the Line

    When you make a deal and try to screw someone like Big Frank it does not end well. Shut down today by Police and everything removed.

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    I'm sure they'll be some court battles coming down the road. I certainly wouldn't want to be in the middle of it.

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    This guy screwed Big Frank out of $200,000 US. PERIOD................... Now he is paying..................

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    Lots of speculation on what happened today. My take is when Frank didn't get fully paid he placed a lien on Rocky's which was triggered by a rental agreement signed on Tuesday of this week. The deal with Rocky and a guy named Jason was he would rent the restaurant from Rocky and pay rent. Rocky would still own the property; just a normal sub lease.


    What we know is Frank admits that today's action was his doing and I can't blame him for trying to get his money. What's sad is the workers at Rocky's are out of a job. They are very nice people who have worked for years at Jose O'Shay and now Rocky's.

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    Quote Originally Posted by Tarheel View Post
    Lots of speculation on what happened today. My take is when Frank didn't get fully paid he placed a lien on Rocky's which was triggered by a rental agreement signed on Tuesday of this week. The deal with Rocky and a guy named Jason was he would rent the restaurant from Rocky and pay rent. Rocky would still own the property; just a normal sub lease.


    What we know is Frank admits that today's action was his doing and I can't blame him for trying to get his money. What's sad is the workers at Rocky's are out of a job. They are very nice people who have worked for years at Jose O'Shay and now Rocky's.
    That is the truly sad part of this. I know many of the employees there and they are truly hardworking and very nice. I wish them the best.

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    Quote Originally Posted by Tarheel View Post
    Lots of speculation on what happened today. My take is when Frank didn't get fully paid he placed a lien on Rocky's which was triggered by a rental agreement signed on Tuesday of this week. The deal with Rocky and a guy named Jason was he would rent the restaurant from Rocky and pay rent. Rocky would still own the property; just a normal sub lease.


    What we know is Frank admits that today's action was his doing and I can't blame him for trying to get his money. What's sad is the workers at Rocky's are out of a job. They are very nice people who have worked for years at Jose O'Shay and now Rocky's.
    I would be surprised if the property was sold without a lien on all assets, real or otherwise.

    If you don't pay the note, you get foreclosed, which looks like eviction.

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    Quote Originally Posted by cobraboy View Post
    I would be surprised if the peoperty was sold without a lien on all assets, real or otherwise.

    If you don't pay the note you foreclose, which looks like eviction.
    Exactly right.

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    Quote Originally Posted by SKY View Post
    This guy screwed Big Frank out of $200,000 US. PERIOD................... Now he is paying..................
    I suspect Big Frank still has the assets, so he's not really screwed out of $200,000, unless the real property was not included in the deal.

    I sold my restaurant/bar to a doctor in FL who stopped paying within a year. I had to burn through money for lawyers to get a judgement for the balance owed, $125,000. He filed BK and all his asstes were in his expansive home...which is untouchable under FL bankruptcy laws. I suspect its easier and cheaper to go through the same process in the DR.

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    This bar was/is a landmark in Cabarete, one of the first on the strip from what I recall. Sadly you could see by the lack of customers especially since the new changeover, that a problem was looming. This said, I would guess not many of those bars are making much if anything due to a short tourist season and stiff competition.

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    Quote Originally Posted by Expat13 View Post
    This bar was/is a landmark in Cabarete, one of the first on the strip from what I recall. Sadly you could see by the lack of customers especially since the new changeover, that a problem was looming. This said, I would guess not many of those bars are making much if anything due to a short tourist season and stiff competition.
    How did Jose's survive so long?

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