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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: scion who wrote (59)3/25/2010 1:58:05 PM
From: scionRead Replies (1) of 53574
 
Can someone explain this to me?

"On June 25, 2009, the Company entered into an asset purchase agreement to purchase and assume certain assets of John Bordynuik, Inc., a Delaware corporation. This is an arms-length agreement between the Company and John Bordynuik Inc by President and CEO John Bordynuik, who is the majority shareholder in both the Company and John Bordynuik Inc."

How does one have an "arms-length" agreement with themselves?

Posted by: jmrsage1 Date: Thursday, March 25, 2010 1:50:09 PM
In reply to: None Post # of 34232
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Posted by: BRIG_88 Date: Thursday, March 25, 2010 1:53:20 PM
In reply to: jmrsage1 who wrote msg# 34228 Post # of 34233

Simple...that's when John rolled the tape business assets into the company
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Posted by: Rev Kilgore Mullet Date: Thursday, March 25, 2010 1:54:31 PM
In reply to: jmrsage1 who wrote msg# 34228 Post # of 34233

The poor fellow doesn't have any arms???
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Posted by: jmrsage1 Date: Thursday, March 25, 2010 1:55:02 PM
In reply to: BRIG_88 who wrote msg# 34230 Post # of 34233

That's not the question, now is it?

How does one have an arms-length agreement with themselves?
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