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Re: beambe post# 8770

Monday, 09/19/2016 5:56:57 PM

Monday, September 19, 2016 5:56:57 PM

Post# of 9288
The news on September 27th that you speak of should hopefully be a resolution to the temporary restraining order (TRO) issue that has plagued us for some time. The hearing scheduled for Sept. 26th should modify or dissolve the TRO. The new deal with Cardinal blows that out of the water as it would fulfill NAVB's obligations to CRG and thus make any security interest a moot point.

NAVB has had 4 million dollars seized by CRG and would like to apply that toward the principle of the loan. It sounds to me that NAVB wants to pay off the loan and CRG just wants to drive NAVB into bankruptcy. This was a real mess -- this is why that deal is so huge. Let's get this over with so we can move on!

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