Financial manipulation among the many companies where he has an interest and management control is becoming a hallmark of the Asher Edelman style, and he has revealed that, in a somewhat incestuous arrangement, it is Datapoint Corp’s former maintenance arm, now freestanding Intelogic Trace Inc that bought most of the Datapoint shares that took Edelman’s control over the San Antonio, Texas company to 40% (CI No 1,262). Intelogic paid $15.5m for a 25% stake – it already held about 3% – finding the money from its working capital and other sources. The buying spree was in response to shareholder Martin Ackerman’s efforts to solicit consents from outside shareholders to oust Edelman at Datapoint (CI No 1,259).
