Replies to post #20021 on Avitar, Inc. (AVTI)

[k_trader]

I think you are somewhat confused on what a company acquisition actually means.

You are correct it is quite simple, AVTI the company was purchased by Carwild Corp. in 2008.

An asset purchase agreement is the written agreement by which one company buys another company. Asset purchase agreements define the assets and liabilities to be sold. The buyer is purchasing whatever the two parties define as "the Business," including the rights to conduct this Business.

As spelled out in the document you referenced earlier the debt was not transferred or assumed by the buyer of the company, which in this case was Carwild Corp, who now owns AVTI.

In conclusion there is no debt, no matter how you try to spin it, it is not assumed by the buyer, i.e., the debt you are trying to "claim" exists does not.

Continued discussion on this point is mute and pointless and should be considered off topic.