The arrangement is Payless needed access to the market. Arthur provided it with this shell. Reading between the lines- Payless needs to raise capital by selling shares to fund the acquisition of more trucks. Arthur is running out of shares to sell and is almost maxed. People are not buying because a R/S is liking looming or he is going to raise the authorized to an unreal amount.
Then factor in some toxic debt looming on the books and the 600k Arthur wants to pay himself. Plenty of reasons to stay away. Revenue is good but profit margin is slim.
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