Its hard for me to believe the counter-party (Tony Mason, Charles Adams, etc.) in the real estate deal didn't know what was going to happen. The recision agreements all came with nice compensation upon termination. Almost as if it was a payoff for the "use" of the property while it was publicly touted by WGAS.
The hypothetical telephone conversation:
Volk: I want to PR that your property has been acquired or leased by WGAS
Asset owner: My property isn't productive, so I won't make any money.
Volk: Don't worry, I'll compensate you when the agreement is rescinded.
Asset owner: Is this legal?
Volk: Yes. I'll be releasing carefully worded information that hasn't broken the law.
Asset owner: I'll think about it.
Volk: I'll make sure the recision takes good care of you upon termination.
Asset owner: Deal.
I wonder if the IRS has more information. That's where the tax record resides for all of these individuals as well as the corporation.
The paradox of iHub: buy high, sell low
