SOLD » Topics » Note 6 - Related Party Transaction

This excerpt taken from the SOLD 10-Q filed Nov 8, 2005.

Note 6 – Related Party Transaction

 

In connection with a sale of common shares between our Chairman of the Board and William Blair Capital Partners in April 2004, we agreed to serve as a temporary escrow agent for funds that were to be placed in permanent escrow pursuant to a separate agreement between an existing shareholder and the Chairman of the Board. These funds, which totaled $750,000, were transferred to a permanent escrow account outside of our control on July 15, 2004.

 

This excerpt taken from the SOLD 10-Q filed Aug 8, 2005.

Note 6 - Related Party Transaction

 

In connection with a sale of common shares between our chairman and William Blair Capital Partners in April 2004, we agreed to serve as a temporary escrow agent for funds that were to be placed in permanent escrow pursuant to a separate agreement between an existing shareholder and the Chairman of the Board. These funds, which totaled $750,000 are included in other accrued liabilities in the consolidated balances sheet as of June 30, 2004. The funds were transferred to a permanent escrow account outside of our control on July 15, 2004.

 

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EXCERPTS ON THIS PAGE:

10-Q
Nov 8, 2005
10-Q
Aug 8, 2005

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