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Monday, April 06, 2015 7:12:01 PM
What we counted down did not include debt after after Sept 30.
On Feb 4th Dror stated he would avoid this type debt in the future. It appears in Q1 he did avoid it, from best I can tell.
He is also getting better friendly terms from Magna each time we read a new filing. It could be much less, but the 10k says 1.4 mill (that included JAN thru March converts). I assumed Nov and Dec was applied to the original amount.
So he has reduced 4.1 mill down to 1.4 mill all the while getting friendly terms.
Q1 Fins are more important than the 10 k believe or not. It will tell a lot.
All IMO
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