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Pathfinder85

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Pathfinder85

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Wednesday, 11/24/2010 10:28:46 AM

Wednesday, November 24, 2010 10:28:46 AM

Post# of 47790

"On November 16, 2010 the board voted to form a wholly owned subsidiary, SUEZ TECHNOLOGY CORP in the State of Florida. The board voted to enter into a buy/sell agreement to transfer its interest in all its patents and technology to the wholly owned subsidiary of the company in return for 100% of the stock in the subsidiary. On November 16, 2010, the company executed an agreement for the sell of its patents and technology to SUEZ TECHNOLOGY CORP in exchange for 100% of the stock in the wholly owned subsidiary. "




can anyone explain the business value in doing this?
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