13 14 15 16 17 18 19 20 I'm not mistaken, I think that it was July 1997. Q. What is Mr. Betts' job? A. Well, he controls the financial and the accounting part in the bank. He will be something like the financial controller. Q. What is his title? A. Now it's vice-president. The executive vice-president. 21 Q. As executive vice-president, is Mr. Betts 22 23 authorized to bind the bank? Is he authorized to make representations on behalf of the bank? 36 3 4 5 6 7 8 9 10 11 12 13 14 15 39 Q. Thank you, sir. Before we went off the record you had just denied that in or around June of 1998, 15,000 shares of British Trade & Commerce Bank were owned by British Trade & Commerce Bank Bancorp Trust represented by Mr. Rodolfo Requena, trustee with the beneficial interests being held by Mr. John Long. Do you remember that testimony, sir? A. Well, yes, the stock, they owned part of the trust, but the beneficiary for the trust was not Mr. Long. Q. Was it Mr. Long in 1998? Sir, how many shares of British Trade & Commerce Bank do you own? A. Well, 10,000. 25 ROSENFELD & FIEGER (305) 374-3532 7 8 A. Q. Not at the present time. When was their beneficial interest in British Trade & Commerce Bank transferred? A. I don't have the exact date, but if I'm not mistaken, I think that it was three months ago. 9 Q. In or about May of the year 2000? 10 A. 11 12 13 14 15 16 17 18 Probably. I'm not quite sure. Q. How large a percentage of the ownership of British Trade & Commerce Bank was held by the Long A. I'm not quite sure. I should see the numbers. Q. So they were the largest shareholders prior to May of the year 2000 of British Trade & Commerce Bank; correct? 40 Because that was placed in a trust, but Mr. Lor.g 25 was not representing that trust. ROSENFELD & FIEGER (305) 374-3532 8 9 A. Q. Who was that? John Long. When that 35 percent interest was transferred in May of the year 2000, who was it transferred to? A. To the bank. Treasury shares. Q. Called Ballite, B-a-1-1-i-t-e, International 13 14 Limited? 22 23 24 25 Q. Today, sir, you're the largest percentage owner of British Trade & Commerce Bank; is that correct? A. No, the bank is the owner of the stocks, the larger amount of stocks of the bank. ROSENFELD & FIEGER (305) 374-3532 62 Q. What is the current net worth of British Trade & Commerce Bank? A. Well, our financial statements, they reflect like something like 200 or 300 million. I should see the last financial statement. Q. Do you have the financial statements of British Trade & Commerce Bank? A. Not with me. Where are they? 17 18 19 20 21 22 23 A. of that 200, 300 million, I believe you said? Uh-huh. Q. How much of that is in treasury stocks? A. When you talk about treasury stocks, are you talking about the stocks, the bank stocks? Q. No. Treasuries. A. I don't know. I should see the composition because I don't handle that directly. I should see it. Q. What is your understanding? |