Information regarding the investments held at 12/31/19 that particularly concerns Mr. Gordon is as follows: JOURNAL ENTRIES Please! On January 1, 2019, B&L, Inc. purchased, at face value, $20 million of 10 year, 10% bonds of Techo, Inc. Interest is paid semi-annually on June 30th and December 31. Management has the ability and plans to hold these bonds until they mature. On January 1, 2019, B&L, Inc. purchased, at face value, $25 million of 10 year, 10% bonds of Medex. Interest is paid semi-annually on June 30th and December 31st. B&L intends to sell these bonds within the next 3 years. On December 15, 2019, B&L, Inc. purchased 1 million shares of Cycam common stock at a cost of $25,000,000. B&L, Inc. holds this investment in its trading portfolio. Management plans to sell this investment during the first week of January 2020. The year-end market price of the Cycam common stock was $27 per share. The fair value of the Techo bond investment was $16 million. The fair value of the Medex bond investment was $25.5 million