n711sx

[Diesel]

Anybody know who runs 711sx? It looked like one of the old avatars on this board. Acme Corp sounds like a shell name.

 

[NJAowner]

Acme Corp.

Wyle E. Coyote used to be the CEO of Acme Corp. in the 60s and 70s. I do not think they have been too busy lately.

Fly safe.

 

[baggage]

Acme Corp

I believe it's insurance. This is from the Progressive Corp's 10-Q.

NOTE 8 Related Party Transaction -- On April 23, 1999, subsequent to
the balance sheet date, the Company sold, in a cash transaction, its corporate aircraft to ACME Acquisition Corporation, a company owned by Peter B. Lewis, the Company's Chairman of the Board, President and Chief Executive Officer - Insurance Operations. The airplane had a net book value of $6.9 million and was sold to Mr. Lewis for $12.1 million, the fair market value of the airplane as determined by an independent appraiser.

http://www.shareholder.com/Common/Edgar/80661/950152-99-4215/99-00.html

I do enjoy it when we sell our assets, especially our glamorous ones, to our Senior Executives.

 

[Diesel]

thanks