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[QUOTE]Originally posted by ACKCANE: [QB] RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that the company has signed a contract to acquire the assets of Garden Beverage, Inc., a Metro-Chicago beverage distributor. That is a purchase contract. Definition : A written agreement between seller and purchaser in which the purchaser agrees to buy certain real estate and the seller agrees to sell upon terms of the agreement. I sign about 20 of these a month. I close about 1. Does the PR sound like it has been closed. In some parts of the PR, yes. In others, like the first sentence, no. And if they had closed the deal, why wouldn't they say it has CLOSED? Corr's quoted statement in the PR does imply to me that the deal has closed, in fact if it doesn't close then Corr just opened himself up to legal action, IMO. So, I would agree that I think the deal is closed. I just don't get the wording, once again, in the PR. [/QB][/QUOTE]
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