Sunday, April 25, 2010 5:51:40 PM
I deal with thousands of customers in particular business to business transactions.
My take is this:
BEHL and RWE probably saw the potential for the two of them to conduct alot of joint venture projects.
In order to keep the accounting side as simple as possible they formed this 3rd party company. Therefore, they can run all revenues, expenses and more importantly can purchase supplies and equipment from vendors using the Alta3 name.
So, If Alta3 has a job in Iowa and they need shovels, gloves, tape etc. etc. They would simply go to a supply house and purchase these items and assign a P.O. (Purchase order number)
After the project is done they probably split the NET RESULT a profit or loss and then tie that END number back into BEHL and RWE
Thats my Guess BG
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