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Related Party Transactions
6 Months Ended
Dec. 27, 2015
Related Party Transactions  
Related Party Transactions

NOTE 10 – Related Party Transactions

 

Quadrant Management Inc. and Everest Hill Group, Inc.

 

ARC, Everest Hill Group, QMI, and QMT are under common control.  Prior to the ARC acquisition of QMT and AFT, QMI, through Everest Hill Group, owned 74.0% of the membership interests of QMT.  As a result of the ARC acquisition of QMT and AFT, Everest Hill Group became the controlling shareholder of ARC.  Specifically, Everest Hill Group controls 100% of the ownership interests of QMI, as well as, via certain wholly-owned intermediaries, 47.6% of the shares of ARC as of December 27, 2015.