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Yanowman's avatar

FATBP-What do you think of the fact that the founder was indicted on Federal charges that he caused FAT and an affiliate to distribute $47 million for his personal use and benefit and that he failed to pay personal income tax of $7.7 on the amount. Plus other charges. Also that he is charging the company $1850 per hour for consulting and received over $5.3 million last year and that 3 of his sons are on the company payroll. It is a controlled company as they own over 50% of the common and almost no preferred. If there was ever a set up to screw preferred holders this is it. Maybe with an options level position.

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