Waite,
I am not sure if it is a question of capability or interest? Adam is a very likeable person and definitely a hands on person.
If Adam was to take over he probably would need some business education, Dads oversite or at least a mature Staff/Team.
I think a lot is waiting on the possible pressure of satifying
Cals estate. The payroll pressure is going to be of concern if the wife needs dollars. It would seem to me that a payment system could be established with a payoff date but who really knows what the probate Judge and heirs will demand.
Near term profitablity? I am sure, but will we be included?
It will mostly depend on how collateralization is handled and how things are timed. FASC has no Idea what is going on in Cal's Probate I assume, and we do not know if near term profitablity is combined with enough cash flow to satisfy the salaries incured by Cal's portion of debt and operate current/future needs.
...another item to think about is how many of Cal's shares will need to be sold into the market? All or a little at a time? We do not know what the estate demands are?
Because there are so many unkowns, I think giving Brian/FASC the shares he needs is a better option than playing duling attorneys with an estate issue. I am hoping and believing that Brian is smart enough not to excercise the shares with out giving up some
forward looking "Good News"!!!!!
My thoughts,
RJ
