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THE COURT: And how did you determine
the correct price for you to sell the stock
at?
THE WITNESS: Well, he made an offer of
so much--of X, you know, dollars.
THE COURT: Who's he? Who's he? You
say he made--
THE WITNESS: Max offered me $206,000,
and it seemed like a pretty good--you know, a
nice sum of money. So I figured, okay, take
it and get out of Seminole * * *
THE COURT: Other than the fact that it
seemed like a nice sum of money, did you make
any other consideration or determination as
to whether that was a fair price?
THE WITNESS: No. I just took his word
that he said Merrill Lynch had appraised it
at that.
Mr. Hoffman testified similarly:
Q Was there a time when you came to own
stock of the Seminole Manufacturing Company?
A Yes, and that was during the lifetime
of Mark Weitzenhoffer. And I don't know the
exact date, but probably during the 1960s.
Q Approximately how many shares did you
acquire?
A 10,000 shares.
Q Do you recall how you acquired those?
A I just think that Mark Weitzenhoffer gave
them to me.
Q So they were a gift?
A Yes.
* * * * * * *
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