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Re: alanthill post# 45543

Thursday, 10/20/2016 7:19:30 PM

Thursday, October 20, 2016 7:19:30 PM

Post# of 81998
I've read and reread this thing Alan. The only thing I can figure about the difference between the net proceeds and the $1 million face value is that the various underwriter/loan originator firms, or legal entities, or some kind of loan insurance may be involved. I really do not know.

But the more I read this, the more it is clear that this is not some onerous lending event. It is completely above board, and provides options in response to eventual future events which do not shackle SGLB in any way, allows both parties to maximize opportunity, and provides both parties good and reasonable protections.

This is a good deal. I am very happy with this.
Congratulations Mark Cola and Murray Williams.

All the best,
Silversmith
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