- 16 - Q Was there a time in which you came to sell the shares you owned in Seminole Manufacturing Company? A Yes. Q Do you remember approximately when that was? A 1974, I think. And I think-- Q. '74 or '94? A '94, I mean. Excuse me. * * * * * * * Q And would you please describe for us the circumstances--or how you came--how that transaction came about? A Well, Mark had--when Mark was alive-- Mark Weitzenhoffer was alive--and he passed away in 1970--he gave stock in--I think out of his estate, and that's where I got my shares. And finally I decided one day that there wasn't anything for me to do with the Seminole Manufacturing Company, which Mark had headed. And so I tried to find a buyer, and I did find a buyer that bought it at $297 [$29.70] a share, or a total of $297,000. Q Do you recall what steps you took to find a buyer? A Just asked somebody in the company if they would acquire it. * * * * * * * Q Do you recall what, if any, investigation you undertook at the time as to the reasonableness of the sale price? A I didn't--I thought it was reasonable, and I decided that I could use the money to do something else, and I went ahead and sold it.Page: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Next
Last modified: May 25, 2011