- 15 -
Sometime after the commencement of the case at bar, Mr.
Davis learned of the two nonexistent comparable sales used in the
1985 appraisal.
2. Gifts of Strata Stock
a. Conrad Ottelin
For many years, Conrad Ottelin (Dr. Ottelin) has practiced
dentistry in Columbus, Ohio. In late 1983 or early 1984, he
performed a minor adjustment to the dentures of Mr. Davis'
mother. The adjustment took only 4 to 5 minutes to perform. Dr.
Ottelin customarily performed this kind of minor service without
charge as a gesture of goodwill. Dr. Ottelin did not bill Mr.
Davis or his mother for these services.
Sometime afterwards, as a gesture of thanks, Mr. Davis sent
Dr. Ottelin 500 shares of Strata stock. Dr. Ottelin believed
that the stock was a gift and treated it as such. In February
1984, Strata stock's traded price was approximately $5 per share.
b. Ed Walker
Ed Walker (Mr. Walker) was a former professional baseball
player and well-known businessman in Las Vegas, Nevada.3 He had
many influential acquaintances.
Mr. Walker and Mr. Davis were longtime friends. During
their friendship, Mr. Walker introduced Mr. Davis to many rich
3 Mr. Walker is deceased.
Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 NextLast modified: May 25, 2011