I know for a fact that isn't the case. But I was limiting the discussion on my end to the divorce settlement shares. Do you happen to have the total number of shares she owns?
What IS your point?
Major and JRN69Panther, I think you have both spent way too much time watching reruns of L.A. Law and fantasizing about being Arnie Becker. Major, I'm confused, help me to understand how a single 33 year old male, who has always lived at home know anything about divorce? Divorce is like Herpes, it doesn't go away. IMHO, we will see more of these "gifts" in the future. If I were a fellow board member, shareholder, option holder, or employee I would be very angry and would feel like I'd been lied to yet again.
Major, you do not appear to be held in very high regard on the WGAT board either.
The Form 4 is for changes in ownership of shares. Ric no longer has control of those shares. I do not believe he bought them back from her. If you can say, what was your source for the information.
(According the IR, neither Ric nor his ex-wife has sold any shares.)
I made no contentions as such. I simply stated the facts that, as part of the divorce settlement, Ric gave his ex-wife 169,500 shares of stock he owned. I think you are trying to make something out of nothing here. It was a divorce settlement.
As the business was built during their time together, she was entitled to half of the assets, I believe. She didn't get half of his ownership stock which would suggest the Ric made an attempt to hold onto as many shares as possible. Still, even at the current market prices, she got half a million dollars.
So why are you pounding on this?
Is it possible that the form 4 simply states that a transaction of a 169,000 shares occurred? I have it from a reliable source that Ric" bought" his ex-wife's shares as part of the divorce settlement.He did this for a couple of reasons,1) he didn't want her selling her shares to a hostle party which could lead to someone acquiring a seat on the board and 2) he didn't want her in his hair anymore in regard to the business.Granted, Ric doesn't have much hair to get into.