Supported by Bowers he advised his committee that it would be pointless to proceed with the purchase draft until they had the $300,000 in the bank .
Bowers had already started his preliminary negotiations with the Properties ' people .
Supported by Bowers , who had already started his preliminary negotiations with the Properties ' people , he advised his committee that it would be pointless to proceed with the purchase draft until they had the $300,000 in the bank .