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FredVestor

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FredVestor

Re: wj2005 post# 6184

Friday, 05/22/2015 9:56:08 AM

Friday, May 22, 2015 9:56:08 AM

Post# of 32163
PLease explain how this is not a takeover? It's setup as a "first lien convertible note". They will either fill for bankruptcy and GreenTech, Weiner and Knoll will get first dibs through their first liens on Saleen's assets or they will merge with another entity at which point GreenTech gets 200% of its principal amount.

Why else would they get a 4 months bridge loan?
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