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visited Sann & Howe once to speak "to all those who were
interested in investing" and that he "answered any questions that
anybody might have." Sann was not overly concerned by the fact
that Roberts only had to devote as much time as he felt necessary
to the operation of the Partnerships because, as Sann understood
the arrangement, PI was going to find the end-users, not the
Partnerships, and thus "the real operation, the real work would
be done in * * * Hyannis by PI." Maxfield informed Sann about
his visit to PI in 1982.
Sann discussed the price of the recycler with Maxfield, but
he denies that Maxfield raised the option of hiring an
independent expert or appraiser. Sann never saw a Sentinel EPE
recycler, investigated its value, or investigated any other
competing recyclers for a price comparison. Sann allegedly
assumed, and understood from others, that the Sentinel EPE
recycler was a unique machine and that it was priced on a take-
it-or-leave-it basis. With respect to the uniqueness of the
Sentinel EPE recycler and its purported value, Sann acknowledges
that he "relied, indeed, to a large extent, probably too much, on
the contents of the offering memorandum and the expert opinions
contained in the memorandum."
2. Laurence M. Addington
Petitioner Laurence M. Addington (Addington) resided in New
York, New York, when his petitions were filed. Addington earned
an undergraduate degree from the University of Minnesota in 1958
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