<< Are you aware of the Barry Witz connection to FIBR? He owns 27% of the company. STGA thread had this about him 1 year ago. >>
I'm reading about him right now in another SEC filing. Haven't heard of him before.
Here are some other interesting tidbits from SEC filings:
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Mr. Chadha was a director and Chairman of Builders' Warehouse Association, Inc. from March 1995 through September 1996.
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Didn't I read in the last 10Q that FIBR acquired this company? If true, that means Par, acting Chairman of FIBR, acquired another company that he was Chairman of? So is he shuffling around businesses that he has run? Or am I missing something? What exactly does BW do? Can someone enlighten me?
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Mr. Chadha is also a director of Rand Research Corporation, RII Partners, Inc., and RT Investments, Inc., which are privately held companies.
(B) Includes shares, options and warrants held in the name of R II Partners, Inc., R-T Investments, Inc., and Rand Research Corporation. Mr. Chadha owns, directly and indirectly, 100% of the outstanding capital stock of R II Partners, Inc. and R-T Investments, Inc. Mr. Chadha holds exercisable options to acquire 552,500 shares of common stock at prices ranging from $1.50 to $7.92 per share (market price on the date granted).
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I notice that these 3 companies are beneficial shareholders of 1,786,959 shares of FIBR. Something to make a note of.
Looks like Barry Witz is shown to have 1,858,475 shares directly, but he also owns Brite Lite Industries, who have beneficial ownership of 1,121,275 shares.
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(D Includes shares, options and warrants held in the name of Brite Lite Industries, Inc. Mr. Witz owns, directly and indirectly, 100% of the outstanding capital stock of Brite Lite Industries, Inc. Mr. Witz holds exercisable options to acquire 377,700 shares of common stock at prices ranging from $1.00 to $3.72 per share (market price on the date granted).
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Aside from that and a few other insignificant holdings by what I think are employees or directors of the company, the only other major beneficial shareholder is Vantage Point Venture Partners 1996. I have not yet determined who these people are and if they are somehow closely tied to the company. They are listed as owning 1,675,750. In essence I don't see much of any outside ownership of this company listed in the SEC filing. Looks like most of the beneficial shareholders of this company are somehow in a tangled web of companies owned or directed by Mr. Chadha, or Mr. Witz. |
