Document a1dZNMz3MbpbX345jdLpG3eaN

R3i U VJ U -2 - July 29, 1988 Phillip Carey-Smith 4 Kanslsr Mntiag that the umU of the company war* in the area of 2.5 Million plus the intangibles of SprayQraft U.L. approvals and going basinets opon orders ate. bringing a total for negotiation to 3 - 3.3 Million. Consideration could be given to a stock purchase by Carey with possible 10GM tax lees carryover. * SprayGreft volume is SO0M annual. Victor volnae also 509M annual and total apprexbaately 2 mare. ^ r f'. Advised that we have fprayCraft Ucessees in various rees an.; ^ royalty no given other hu loeatloas. Advised them of oar Onion and gaaarnl wage scales. Mr. Johnson and l agree that they west this facility vary Mack. We believe we should pursue the negotiations promptly. To do so we need guide lines for operation. 1. Who will be involved from Vlctor-Dtae as the nagetlatlng team. gaggast me have legal counsel at ami eeesioa. 2. Are there any limits to disclosure of 8 4 K information, i.a. PA halance sheets, epprelrelg ate. RMl/d R. M. tana VPD-158-0000437