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Re: jufel post# 71619

Tuesday, 07/01/2014 3:44:22 AM

Tuesday, July 01, 2014 3:44:22 AM

Post# of 222599
I think your forgetting something. They intend to borrow the money to do the buy back. That's going to be leveraged by shares. So you borrow, leveraged by shares, take out 1.5 billion right. Now the note holder converts for 3 billion shares. What have you gained? You've lost and you more diluted.