Rick Jordan

You're buying the whole thing for those.

Or the other way is that it's an asset purchase and you take what you want out of the bucket and you leave the bucket and the things you don't want with the seller.

And you could even take everything out of that bucket if you wanted to.

But you leave the actual bucket with the seller because on the outside of that bucket are things that are taped to it or riveted to it.

If it's a metal bucket, I always envision a metal bucket for some reason.

Things like debt, accounts, payables, reputations.

Exactly.

Yeah, right on.

Even the name of the company, the branding of that company is all part of that bucket.

That's like the stickers on the outside.

If you want to look at it that way, that's where I know looking back that I fucked up.

It was probably the transactionally speaking, the easier way to do it because you don't have to, if you buy just the assets, which means that like the people, the employees come with it too.

So in essence, they have to be fired or resigned from their existing company that you just bought and then be rehired.

And all that happens in the same day.

Of course, it's a disruption to them, too, because there's benefits differences, most likely different 401ks, different salary structures, even different titles.

All that has to be reobtained.

That's part of the struggle of doing an asset purchase.

But it also protects you from any of those skeletons in the closet.

And if we had done those as asset sales, we would have been free and clear.

No issues.