Papa Bello Pizza
Ball lists on her financial disclosure form that she owns stock in Papa Bello Pizza valued between $50,001 and $100,000. This stock is currently trading at 32 cents per share.
According to its profile on the Bloomberg Businessweek website, “As of September 4, 2009, Papa Bello Enterprises, Inc. operates as a subsidiary of Aero Financial, Inc.” As you may recall, Aero Financial counts James Price as its Chairman of the Board and Jonathan Dariyanani as its Corporate Counsel. Also of note is a press release Vanguard Management Corp was retained as strategic consultant by Papa Bello Enterprises. Why is that of interest?
Jim Price, Chairman and CEO of Vanguard Management Corp states, “Papa Bello Enterprises has greatly evolved itself over the past two years. The company has gone from a single concept company to a multi concept, multi location company with much greater potential for expansion. We will work tirelessly to help Papa Bello expand its footprint in the United States and explore additional options internationally.”
(Dariyanani is also Vanguard’s legal counsel.)
Oh, by the way, the President & CEO / Chairman of the Board of Papa Bello? James Price. So, basically, Price acquired his own company as a subsidiary of another of his own companies and then retained yet another of his own companies to serve as its strategic consultant. And these all merited press releases. Can you see where this is going?
The company has apparently reported no earnings. Maybe that’s because it seems that no one, including their own website, can locate where they have restaurants.
