Dear Moneyist,

I have been married for 42 years. He is a nice man, with a good personality and great social skills.

I do housework and take care of other appointments as needed. I cook, do small home repairs and painting, etc., and take care of all our financial planning. I worked in a medical career. He was in IT at a prestigious university.

I am getting older. He has this idea that I have all of this money. I do not. I manage it. Everything is in both our names. I manage all our finances. His income is five times my income.

He has always been very passive-aggressive. If I ask him for help with tasks, he acts very put-upon and I end up angry. He forgets things that I ask him to do on purpose, and is always late delivering.

The Moneyist:‘I feel very bitter’: My late father gave my sister power of attorney. She kept $100K of his savings. Should I pursue legal action?

He does not do any important little things for me. For instance, he pretends to forget to pick up flowers. We have not been to a movie together for the longest time. He is not interested. He has said he will NOT go out to dinner with me or travel.

He paid for a trip to Paris in 2018, then he wanted the money back. He takes no responsibility for managing our finances or our lives, but he loves to go to the gym and hike by himself. He does not chase women, gamble or drink heavily.

For the past 20 years, I have gone on little jaunts on my own to see old friends and family. I went to Boston last January for a weekend for my birthday. It was fun.

CISCO, TX, Oct. 2, 2020 /PRNewswire/ – Wilks Brothers, LLC (“Wilks”) appreciates the overwhelming support from the Shareholders of Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX: CFW) and today provided answers to some of the most frequently asked questions about Calfrac and Wilks’ $0.18 cash Premium Offer for the common shares of Calfrac.

Wilks Brothers, LLC (“Wilks”) is a significant, long-term shareholder of Calfrac, who holds approximately 19.78% of Calfrac’s outstanding Common Shares. (CNW Group/Wilks Brothers, LLC.)
Wilks Brothers, LLC (“Wilks”) is a significant, long-term shareholder of Calfrac, who holds approximately 19.78% of Calfrac’s outstanding Common Shares. (CNW Group/Wilks Brothers, LLC.)

1.   Why did Wilks make the Premium Offer?

Wilks made the Premium Offer to provide Shareholders with an actionable alternative to the Management Transaction and to neutralize the threat from Calfrac that, if Shareholders do not approve the Management Transaction, they will be left with no recovery. Calfrac should not be able to threaten its way into a transaction that benefits only its executive chairman and a self-selected group of unsecured creditors.

As Wilks has said in its previous press releases, options create value; the launch of the Premium Offer focused the Board and management of Calfrac on the importance of creating value for Shareholders. Clearly it worked.  Calfrac was forced to go back to the drawing board and improve their own transaction terms. Unfortunately, the Amended Management Transaction announced by Calfrac still does not deliver adequate value to Shareholders and is significantly inferior to Wilks’ Premium Offer.  The only benefit of the Amended Management Transaction is that it has focused the debate on the essential issues: value and fairness.

2.    Calfrac has announced that if their Amended Management Transaction is not implemented, they will cause the original Management Transaction to be implemented through proceedings under the CCAA. Is it fair and legal for Calfrac to try to do this if Shareholders vote down Calfrac’s Amended Management Transaction?

It is

Palantir Technologies Inc. began trading Wednesday on the New York Stock Exchange.


NYSE

Two members of the House of Representatives asked the Securities and Exchange Commission to investigate Palantir Technologies Inc.’s disclosures and governance ahead of the controversial software company’s Wednesday direct listing.

Rep. Alexandria Ocasio-Cortez, D-N.Y., and Jesus “Chuy” Garcia, D-Ill., wrote a letter Sept. 17 requesting that the SEC investigate several elements of Palantir’s
PLTR,
+31.03%

filing for a direct listing and request further disclosure. Specifically, the two members of Congress wanted more information on the company’s work with the U.S. Department of Health and Human Services on coronavirus data.

“Palantir must provide greater transparency to potential investors about the data protections or lack thereof associated with its government contracts, and further information about the U.S. and non-U.S. government entities for which it is working on data related to the COVID-19 crisis,” the representatives wrote. “This is of paramount importance to investors and the public, as Palantir Chief Operating Office Shyam Sankar recently characterized the company’s work for multiple governments to manage and process data in response to the COVID-19 crisis as the new ‘driving thrust of the company.’”

“I was not aware of those requests,” Sankar said in an interview with MarketWatch on Wednesday immediately after Palantir’s shares began trading. He added that “part of this process was a pretty sensitive back and forth with the SEC” on a variety of topics, which led to 11 total versions of the company’s S-1 filing with the SEC. Three of those versions were publicly posted after the letter was sent, one on Sept. 18 and two on Sept. 21, when Palantir added language about its unique share structure and then removed it after a TechCrunch report detailed the new disclosures.

For more: Five things to know about the Palantir