District of Columbia Court of Appeals December 9, 1966, No. 3961 (Dubb v. Gaston)

HOOD, Chief Judge:

On August 13, 1958, appellant bought 4,000 shares of common stock of Macinar, Incorporated, paying $3,000 or 75 cents per share.1 At the time of purchase appellant received a letter from appellees, the president and vice-president of the corporation, stating:

On your purchase of 4000 shares of Macinar, Incorporated Common stock, this letter is your assurance that this block of