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Re: Snizzle post# 155810

Tuesday, 11/10/2015 12:55:28 PM

Tuesday, November 10, 2015 12:55:28 PM

Post# of 187251
Putting aside the pesky question of the relationship between ORT and TDEY it is entirely possible that Kent owns the building and is leasing it to ORT. One would think that this sort of transaction would be disclosed but if accuracy of that recent filing is any indication, then attention is to detail is not a Kent forte.

In fact, personal ownership of a building with the company leasing it back is not unusual in private industry. The goal is to reduce the Company's taxable income (and pick the pockets of partners and/or shareholders as appropriate) by paying large rents to insiders, paying big salaries and providing perks like Kent's Mercedes: all complements of his shareholders.