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Friday, April 06, 2012 10:47:53 AM
In addition, for an additional one million shares of restricted common stock, the Company acquired approximately $10 million in U.S. radio and newspaper prepaid advertising covering 10,000 newspapers and 6000 radio stations. The completed package resulted in a total asset purchase of approximately $15 million. The Company believes that the media advertising will be beneficial in promoting the expansion of the P2O technology and processors as well as the previously-announced planned acquisition of the chemical company's products and services.
http://www.plastic2oil.com/site/news-releases-master/2009/08/28/310-holdings-inc-has-completed-the-acquisition-of-javaco-inc
So, and I mean this seriously, were those media credits EVER REALLY worth anything to anyone? Or we're they just a bullshit way to justify financial transactions?
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