Replies to post #142656 on TAP Real Estate Technologies Inc (RWAX)

[dukeb]

Understood. But there is this fantasy that Foote is going to allow any profits from his private company to be shared with the company he left behind.

That's never going to happen. If his company generates a $ 2 million profit, he's going to award himself a $ 2 million bonus.

[NoMoDo]

He has stated several times over the years that he would pay for certain business expenses by retiring an equal amount of his preferred. I remember thinking he dumped maybe 40k worth of preferred during the second or third q of 22. I searched the q to figure out what happened after he said that he hadn't sold a share. Turns out that the Q showed that he cancelled those shares with no financial benefit - or similar words.

So, either the Pre14C is wrong, he as not make the required ownership filing, he wasn't director when he sold those 8k shares and is now, or he retired shares to pay for certain expenses. I will give him the benefit of the doubt.