Cristeen B. Comey - Page 11




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               Purported Acquisition of Landtrak by Mrs. Comey                        
               Landtrak is a Wisconsin corporation incorporated on January            
          23, 1985, by Mr. Riopelle; he originally owned all 500 shares of            
          Landtrak’s stock.                                                           
               Petitioners assert that Mrs. Comey became the new owner of             
          Landtrak on January 1, 1987.  According to petitioners, on that             
          date Landtrak redeemed the stock held by Mr. Riopelle, and Mrs.             
          Comey acquired all 50 newly issued shares of Landtrak’s stock.              
               Aspects of the record appear to support petitioners’                   
          assertions.  The record contains a copy of Mr. Riopelle’s                   
          Landtrak stock certificate.  The front of that certificate bears            
          a handwritten notation that the certificate was canceled on                 
          January 1, 1987.  The reverse bears an assignment of the                    
          certificate to Landtrak; that assignment was signed by Mr.                  
          Riopelle and is also dated January 1, 1987.  The record also                
          contains a copy of a Landtrak stock certificate bearing Mrs.                
          Comey’s name, which is also dated January 1, 1987.   Moreover, in           
          the written stipulation of facts, the parties stipulated that Mr.           
          Riopelle’s Landtrak stock was canceled and all new Landtrak stock           
          was issued to Mrs. Comey on January 1, 1987.                                
               Notwithstanding these aspects of the record, the record as a           
          whole establishes that Mrs. Comey did not acquire Landtrak’s                
          stock on January 1, 1987.  Mr. Riopelle testified that he                   
          remained the sole owner of Landtrak until February 1988.  Mr.               





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