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Tuesday, March 14, 2023 10:37:33 AM
Rogers was suspected of helping orchestrate an unsuccessful one-two-three-strike effort to acquire his former business by Red Alert Media Matrix.
The asset-less venture made successive unsubstantiated cash offers of $59 million in January, $28 million in April and $18 million in June to buy the Rogers assets.
Without verified funds and questions about millions of shares of unregistered stock that were part of its last two offers, Red Alert was rejected by Pulaski County Circuit Judge Chris Piazza.
Red Alert placed an incredible paper value of $972 million on the stock. The number is tied to the astounding “insurable value” of $1.5 billion for the assets of the insolvent Rogers ventures.
https://www.arkansasbusiness.com/article/108783/buying-sprees-of-arkansas-banks-tops-list-of-top-10-arkanas-business-stories-of-2015
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