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Re: loanranger post# 224869

Friday, 05/03/2013 7:43:47 AM

Friday, May 03, 2013 7:43:47 AM

Post# of 312020

Reporting Person also initiated the transfer of 400,000 shares to Matthew Ingham, the Issuer’s Chief Financial Officer



Why on earth would Bordy make a "gift" instead of running the award through the company? The IRS would have no trouble concluding that there was a business purpose behind the transaction and that the stock FMV was taxable income to the CFO as the date of the gift.

Another Mickey Mouse transaction...these guys just don't know when to quit.