FAT's 1A filings indicate Andy Wiederhorn owns 38.2% of FCCG, but I don't see his wife or children's ownership disclosed. Where are you getting the 70% from?
I am in FCCG from the $2.30s and believe it should be trading closer to it's value in FAT share holdings.
If you read the FAT 1A filings, it's obvious FCCG is in control of FAT, I don't really understand who could read the FAT 1A filings and come away wanting to own FAT over FCCG, particularly without a better understanding of what is going on at FCCG. All of the proceeds from the FAT IPO are going to repay FCCG debt.
The most pressing question for FCCG shareholders is what is FCCG going to do with the FAT dividends they receive? Andy has referred to FCCG as "a family company" and made other statements that cause me some reservation about how equitable he will be with minority shareholders, but on the same account I think his most rational self interest would be to distribute the dividends directly to FCCG shareholders and receive these proceeds as tax advantaged "qualified dividends".
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
