B. Carrie 19, May “2° Olsen 1961 In your letter you say that "if changes are to be made, That being they must be made as soon as consistently possible." the share per you the case, I think I could arrange to offer but Sells, and Haskins amount of its present value as estimated by possibility: I would want to point out to you the following Registration of our stock under the S.E.C. and a public To de this will require offering of the stock is being considered. a long time and it is a very expensive procedure, but I would like to have things fixed so that the present stockholders can find some When I say a long time, Ii kind of a free market for their stock. mean that we might be able to arrange it for the end of this year or In order to do this, we have to make the first part of next year. of all facets of the business--the disclosure complete and a full many, and the weak points, of are there which of points, strong all of the preliminaries will if and When many. are which there the end of the year) we can about (along ed have been accomplish to underwrite the sale brokers or bankers get a firm of investment (say about 507 company our of shares the of of a certain number determined at be to price certain a at g) of the shares outstandin that We can at that time by them. but I think After that, the general portion it be more should than of your stock you above, the of now--say the rest as to what developes on to itson the same chance. you, because I feel like you, I do not public offering. up with in the way of price, present the might 50 or possibly 75%--and value. estimated the stock woule to pay for it. of course, the value of public would be willing In view or decline time either accept to proceed with the registration and know what the underwriters will come depend upon to sell want take a chance what a with later on, or you might want to hold I would not really know how to adVise that one is never really certain of anything. I am leaving should be back on the your further thoughts for New York early Wednesday following Monday, May 29th. on the matter might be. Sister Louie was taken to the what they say was a mild heart attack. her after lunch today if they will let With best love to Dee Hospital I expect to me in. all, Fondly, morning, but Let me know what last night with go up to see