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Re: fireopal post# 21153

Thursday, 12/14/2017 4:46:19 PM

Thursday, December 14, 2017 4:46:19 PM

Post# of 21822
Actually it's better than what I posted because not only is Hirschman out of the equation but Longview's shares were pretty much picked up in the debt swap so their cost basis for those shares is multitudes higher than current share price (forget what they got, something like 3.5 mill shares for $13+ mill debt forgiven and 700k of those shares were purchased back at only 74 cents a share by the company?). Basically Longview ended up with about 3 million shares and the company trimmed about $13 million in That Sileas debt.

That was a terrific move by/for the company and shareholders in my book. The company helped us little investors out big time getting that debt settled given how few shares were issued net.

All IMO only. Good luck.

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