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ralphjusa

07/01/06 7:12 AM

#13219 RE: hayloft999 #13217

Listen to the interview again. The important thing is to make RSHN a solid public company. Lean and mean. Bob and Mike own 30% of this entity.They get 30% each if and when they sell the company 2-4 years down the road. 30% of a half a billion is a lot of money. You can't get those returns from owning a brewery. Otherwise why would Fred Grey sell? More next week.
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chklingon

07/01/06 10:45 AM

#13222 RE: hayloft999 #13217

I thought of that as well and have decided that the way they are doing it is better for us of sorts. Y, they will own it. However we will benifit from it without the debt of owning it. Keeps that debt off our books and lets us reach profitablilty sooner. JMHO.
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Rckhnd

07/01/06 10:48 PM

#13244 RE: hayloft999 #13217

Corr is with Rushnet, true. BUT, He is also an individual and an entrepreneur who needs to look out for himself as we all do. Partnership on a brewery is like having an ace up the sleeve for him.

The company was not prepared to buy a brewery, but Corr was. Now he can lease his services as a brewer to the company, and the company benefits by having a friendly brewery.

Corr is diversifying his income much like we do by owning shares in more than one company.

It spins into a win-win situation.

.....plus I'm drinking beer after a long hot day working outside, so if I make no sense, I'll apologize now (hic) 8^}