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Re: structengr post# 5550

Wednesday, 03/07/2012 4:06:55 PM

Wednesday, March 07, 2012 4:06:55 PM

Post# of 54205
Also the norm when buying out a company is to have a certified audit done, with ours the purchaser gave us roughly 70 percent cash down when the contract was signed. (Bank wire) The balance was paid after 45 days, this is the norm I would think as most companys want to study your accounts payable and make certain that they are what you say they are.

If EVDR is coming out and saying it is a done deal this is the stage I would imagine that they are in. They have recieved the down payment, contract signed and accounts payable are just waiting to be verified. I dont think they would post a sale number until this process has been completed.
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