Mr. Hubert. Did you invest any money for the purchase of the shares of stock which apparently might have been issued to you?
Mr. Ruby. No; I didn’t invest any. Jack may have transferred some of the money that he owed me as a financial transaction.
Mr. Hubert. What you mean is that he owed you some money and he may have issued the stock to you?
Mr. Ruby. To cover that.
Mr. Hubert. As a way of paying the loan?
Mr. Ruby. Right.
Mr. Hubert. But in any case he didn’t tell you he was doing so?
Mr. Ruby. No.
Mr. Hubert. Have you any further comments as to Exhibit No. 3?
Mr. Ruby. No.