can you read or just write, la times article said evans manages gates personal fortune in a management fund, only funds evans manages own 93% of racg, and yes it will be good for mutual funds when they convert the 1.65 million prefered shares from completed private placement into common stock, those are the shares the mutual funds will purchase as soon as racg goes small cap by years end.
cav
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Three shareholders of IMSG-H controlled most of the shares. Those shareholders
are all under the effective direction of Andrew Evans. Those shareholders are
Dominion Income Management, Inc., Dominion Income Management, Inc. Profit
Sharing Plan, and Maritime Capital Partners, LP.
IS ONE OR MORE OF THESE THREE MANAGEMENT FUNDS BILL GATES BILLIONS.
ARTICLE SAID EVANS MANAGES GATES INVESTMENTS IN MGMT. FUND
DOES EVANS MANAGE ANY OTHER FUNDS BESIDES THESE THREE????
MAYBE THIS WILL HELP.
ANDREW L. EVANS, CHAIRMAN OF THE BOARD AND PRESIDENT OF APG, AND PRESIDENT OF
TEAM SCANDIA. In addition to his duties on behalf of Automotive Performance
Group, Inc., and Team Scandia, Mr. Evans is the President and Chairman of the
Board of Dominion Income
Management Corp. which he founded in 1986. Dominion invests primarily in the
equity securities of both public and private companies.
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SMALL CAP APPLICATION COMING IN FALL
Automotive Perfomance Group Completes $3.3 Million Private Placement
Business Wire - August 24, 1998 10:21
TEMPE, Ariz.--(BUSINESS WIRE)--Aug. 23--Automotive Performance Group, Inc. (OTCBB: RACG), a full-service owner and operator of high performance automotive businesses and brands, announced today that it has completed the private placement sale of 1.65 million shares of series A preferred stock for $3.3 million.
In the fall, APG plans to file form SB-2, a registration statement under the Securities Act of 1933, with the Securities and Exchange Commission to enable the series A preferred shares to be converted to registered APG common stock. This conversion will fulfill the final requirement necessary for APG to file for trading on the NASDAQ smallcap market.
"I am very pleased by the institutional support APG has received," said Andrew Evans Chairman and President of APG. "We look forward to an increase in the number of active APG shareholders as we grow into one of the nation's leaders in automotive brands and high performance products."
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