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Note 17 - Subsequent Events
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 17.     SUBSEQUENT EVENTS

 

On August 9, 2023, we issued to Robert Thomas, the President of UCS, an option to purchase 2,500 units of GIG, the parent of UCS, at a price of $309.72 per Common Unit. GIG has issued and outstanding 95,162 Common Units and options to purchase up to 7,338 Common Units, including the option grant to Mr. Thomas and options held by David Herman, GIG’s President. The option is exercisable for a period through June 30, 2033, subject to earlier termination upon certain events.  Any purchases of these units are subject to certain put and call provisions.

 

In July, we invested $3,000,000 in the purchase of preferred stock of a company serving the broadband industry.