I'm back
Yes, I do/did talk to the guys at ARET, also had lunch with them last week while I was in town. 3 for 3 not a bad average for getting the press release information to all the brokers.
1. Your right Delma's reported position in ARET has been reduced, well it's not in his name any longer. It was believed not only by him but by myself as well, back in late 97 that the tax laws were being changed so that any stock gift to adult family members could have an additional 45% tax tacked on to the 20% capital gains tax if it was sold. So what would you have done, I know what I did, but I can't speak for Delmar.
2. Delmar, took stock in other companies he owned and paid a $1,200,000 bill owed by ARET, why he did it I'll never understand, because all it has done is create an accounting problem for himself.
3. Yes, Delmar has regained 51% ownership of Tomahawk in exchange for money owed to him. As a sidebar, the only way that Tomahawk can continue its minority status is to be majority owned by a ninority and this allows them to bid/negotiated work others can't. There are corporate (clients) that are still committed to minority participation, my own company is one of them.
4. They called a number of brokers across the country and not one of the brokers felt that paying money to distribute a press release( which they get anyway across the wire) was worth paying for. Barry told me the repeated comment from the brokers was " who is in a position to push this stock? someone in small town USA or a broker"
So all anyone ever has to do is call them and you will get the same information, I was told that Barry and Dick will do all future interaction with stockholders, ARET is becoming very busy and Delmar's schedule doesn't allow for the time. I really don't want to be a regular contributor to this group because I have a hard time dealing with the over analyzing SI members do of the stock, Buy it if you think it's worth it, Sell it if you feel it's not, But don't rework, rethink, rehash, misrehash and then get upset when you don't understand what is going on in ARET. Remember they are in business to do business(it has taken them a long time to get back to this position) and in that theater you can't always find out everything, nor should you be entitled to know many things even if it is a public company. Yes, I own a substantial amount of Aret and have for some time. |
