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and famous people including Gene Autry, Art Linkletter, and Danny
Thomas. Some of the people Mr. Walker introduced to Mr. Davis
invested hundreds of thousands of dollars in companies that Mr.
Davis promoted.
Mr. Walker also invested in several companies promoted by
Mr. Davis including Buckeye, Big Bite, and Orange Co.
In 1984, Mr. Davis gave Mr. Walker 100,000 shares of Strata
stock. Mr. Davis never received any payment for these shares.
c. Ohio Dominican College
On January 7, 1985, Mr. Davis donated 40,000 shares of
unregistered class A common stock of Strata to Ohio Dominican
College (ODC). He gave ODC four stock certificates, dated
November 30, 1983, each of which represented 10,000 shares. Each
certificate bore a restrictive legend that set forth the
following:
THE SHARES OF CLASS A COMMON STOCK EVIDENCED BY
THIS CERTIFICATE WERE SOLD WITHOUT REGISTRATION UNDER
THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAW
IN RELIANCE ON EXEMPTIONS THEREFROM. THE SHARES MAY
NOT BE SOLD UNLESS REGISTERED OR EXEMPT PURSUANT TO THE
SECURITIES ACT OF 1933 AND ALL APPLICABLE STATE
SECURITIES
ODC acknowledged that the stock was restricted within the meaning
of rule 144 of the Securities Act of 1933 and agreed not to
dispose of the Strata stock in violation of rule 144.
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