" A certain old timer suggested almost 20 years ago on the Fools board , that Brk should have “ the right of first refusal on all foundation sales.” As far as I know Brk still does not have that right, another huge mistake."


Let me explain this to you since I'm that kind of partner.

brk would file an 8 K disclosing that the company had acquired the right of first refusal on all foundation sales going forward. The filing would disclose the, right, in no way implies an intention or obligation to purchase any shares being sold. The purchases would be disclosed quarterly.

IF the SEC wasn't happy with this plan they would respond by sending brk, the company a, comment letter, explaining their objections. brk would cure the objections if the SEC had any.

That's how it works in the real world, partner, been there, done that, for a decade plus, your serve pal. ::))

I'll be heading to the park soon so hurry.