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Re: polegoat post# 243

Friday, 08/17/2007 3:29:01 PM

Friday, August 17, 2007 3:29:01 PM

Post# of 380
I think the PR they released this morning may set some of your concerns aside for the time being. They specifically address the default issue.

I think that the issues you raise are not at the top of the list for things to be concerned about at this time.

Aug 17 (Reuters) - Home Solutions of America Inc. (HSOA.O: Quote, Profile, Research) said it was seeking lender consent to make payments to Brian Marshall, a director and executive vice president, as part of a deal related to the Fireline Restoration seller note.

If the company did not get their consent, it would restructure Marshall's agreement to avoid triggering of a default, the company said in a statement.

However, there is no default due to entering into a deal with Marshall and the company is able to borrow under its credit facility, the provider of recovery and restoration services said.


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