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Re: TexasRambler post# 164891

Tuesday, 11/06/2007 11:41:44 AM

Tuesday, November 06, 2007 11:41:44 AM

Post# of 203990
Hate legalize but the way I see it is a)No...I believe right now Pandey's assets mentioned in the Pledge Agreement are pledged to Alembic as part of that loan agreement(I could be wrong here-have to find that)-upon payment of Alembic, they are pledged to Basu...
b)if Pandey lost pledged assets to Basu, company would pay him-but we aren't there yet...not until Alembic paid off-or court proceedings/settlements wash it away

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