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Re: RichieBoy post# 300

Sunday, 02/25/2007 4:25:33 PM

Sunday, February 25, 2007 4:25:33 PM

Post# of 338
betman very demanding requirements

You set forth here... I am not completely grasping how you arrived at them nor do I agree dilution will be the ugly necessity you infer it will, but does this figure plug into your calculations?

"Has GBRT got any imminent news or anything major they are looking to close on?

Nothing imminent but Glenbriar continues pursuing financing so GBRT can acquire an IT services firm up and running in the Toronto area. We have received offers from venture capitalists in the 43% range and bridge financing from a Toronto fund worked out to 22%. To be cost effective Glenbriar is looking for something around the 7% mark and continues to look at other avenues

Anyway the chips fall. There is no better substitute than YOUR OWN DD
Including mine...good luck!

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