Replies to post #15530 on Dump The Pump

[Ranb2khz]

scion, all of us here have been around the block a time or two...as I just posted to a comrade in a PM:

I am just trying to get them to start buying - I honestly believe that they know now that this is not a scam company, and that several of them may be waist-deep in some short issues here.

Full disclosure...FWIW

[scion]

Arms Length Law & Legal Definition

An arm's length agreement is one which is freely entered into by parties who don't have a special relationship or control over one another. An arm's length agreement is indicated by the fairness of price, conditions, and other terms of the agreement. For example, an agreement between relatives or agreements involving a deal on the side may not be considered arm's length agreements because they may not reflect the true value of the deal.

http://definitions.uslegal.com/a/arms-length/

Can someone explain this to me?

"On June 25, 2009, the Company entered into an asset purchase agreement to purchase and assume certain assets of John Bordynuik, Inc., a Delaware corporation. This is an arms-length agreement between the Company and John Bordynuik Inc by President and CEO John Bordynuik, who is the majority shareholder in both the Company and John Bordynuik Inc."

How does one have an "arms-length" agreement with themselves?

Posted by: jmrsage1 Date: Thursday, March 25, 2010 1:50:09 PM
In reply to: None Post # of 34232