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Re: Blue-Horseshoe 45 post# 20103

Friday, 04/29/2016 5:45:32 PM

Friday, April 29, 2016 5:45:32 PM

Post# of 30846
I get your frustration. I do. But $24M in revenue (which has not been actualized yet) does not flow to the IFCR bank account. IFCR only sees GHP. Then they have to pay their expenses to arrive at EBITDA. Not much meat left on the bone at that point to pay millions in debt and litigation. The easiest and quickest way out of that kind of debt is to negotiate a discount and issue shares to the holders. That is what we are seeing in my opinion.

DF was sought out by IFCR to get them out of this mess. He had nothing to do with this company prior to that. Would you consider resigning if you are not being compensated, are struggling to get debt holders to negotiate with you, and have people calling you a POS everyday? I know I would. Yet here he is. Still with us. Not selling his compensation shares (you'd see a filing if he did), and listening to people throw him under a bus every day. Hmmm? Maybe he knows something we don't.

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