William C. and Elaine Gaskins - Page 6

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            $120,000 and Joseph Crosley about $60,000. Individuals who each                                
            invested approximately $1,800 were Herbert Fisher, Charles                                     
            Conwell, Thomas Walsh, John McCullough, and possibly Benjamin                                  
            Greenberg. Herbert Fisher was an attorney in Philadelphia.  West                               
            Pine entered into various leases to obtain mining rights.  One                                 
            lease, dated July 21, 1979, was signed in the names of Mrs.                                    
            Gaskins as president and Mr. Quinn as secretary. Two leases,                                   
            dated January 9, 1981, and June 10, 1981, were signed in the                                   
            names of Mr. Gaskins as president of West Pine and Mr. Quinn as                                
            secretary. A Judgment Note in the amount of $15,000 and an                                     
            accompanying letter, both dated August 25, 1981, were signed in                                
            the names of Mr. Quinn as secretary and Mrs. Gaskins as                                        
            assistant secretary.                                                                           
                   Mr. Quinn signed and filed Federal corporate income tax                                 
            returns for West Pine for the relevant periods. Mr. Quinn signed                               
            checks for West Pine and kept the checkbook. He would write out                                
            checks at his kitchen table. At some point Mr. Quinn lost his                                  
            eyeglasses, and Mrs. Quinn would assist him by writing out the                                 
            checks under Mr. Quinn's direction, which Mr. Quinn would then                                 
            sign. Sometimes, Mr. Quinn would borrow his wife's glasses so                                  
            that he could write out the checks himself.                                                    
                   For some period, Mrs. Gaskins had signatory authority over                              
            the West Pine bank account. Beginning in December of 1979, Mrs.                                
            Gaskins' name appears along with Mr. Quinn's name as                                           
            signers(drawers, not endorsers) of West Pine checks. In most                                   




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