David Freeman replaced by Tom Cigarran as Preds chairman / Preds meet attendance goal
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03-03-2010, 01:08 PM
Join Date: Aug 2007
Originally Posted by
I don't think this is right at all. He isn't "the" owner, he is "an" owner. And I think he is stretched thin, overcommitted; I think the remainder of the ownership group knows it and is pissed about the lien and its impact on them and thus the change.
You don't get an IRS lien on your house while having ZERO money problems. Ever.
I expect to see Freeman sell some shares to the other owners at some point (as alluded to in the fishwrap today) in order to get some liquidity. I do agree with you completely that there is nothing to worry about with the group as a whole.
The IRS and Freeman disagree. It's going thru the process at the pace the IRS dictates.
Having/not having $ doesn't have anything to do with an IRS lien.
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