[Kzyxtalk] KZYX License Sale - 11/30/05

[sako4 at comcast.net]

http://990s.foundationcenter.org/990_pdf_archive/680/680050440/680050440_200606_990.pdf 

There's an interesting transaction on 'STATEMENT 1' (page 15) .. 

It's under 'NET GAIN (LOSS) FROM NONINVENTORY SALES' .. 

DESCRIPTION: STATION LICENSE 

DATE ACQUIRED: 1/01/1990 

HOW ACQUIRED: PURCHASE 

DATE SOLD: 11/30/2005 

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Is this the "smoking gun" we're looking for, Scott? Not sure what this filing means. I'm confused. Not sure what this "sale of asset" means, Scott. Did the station sell or transfer one of its FCC licenses? 

Really? 

About the signatories: Rawlins is long gone and won't return phone calls about KZYX. My attorney tried calling her years ago. Meanwhile, Lamb is deceased. 

Incidentally, note the sharp escalation of the GM's salary since 2005. Rawlins got paid $33,502. Coate got paid $60,000. Wow! Double in only ten ((10) years. 


BELINDA RAWLINS, GENERAL MANAGER, $33,502. (ANNUAL SALARY), PO BOX 633 40 PHILO, CA 95466 

ANTONIA LAMB, DIRECTOR (SALARY--NONE), PO BOX 395 1 MENDOCINO, CA 95460 

***************************************************************************************************************************************************************************************************************** 


Also, Scott, not the following statement made by the station's accountant towards the end of the filing: Was another filing made in the proscribed ninety (90) days? 

TAXPAYER RESPECTFULLY REQUESTS ADDITIONAL TIME TO GATHER INFORMATION NECESSARY TO FILE A COMPLETE AND ACCURATE TAX RETURN 

***************************************************************************************************************************************************************************************************************** 

It looks like this was the station's accountant back in 2005 when this filing was made: 

TATE, PROPP, BEGGS & SUGIMOTO 
1545 RIVER PARK DR. #375 
SACRAMENTO, CA 95815 


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