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Post# of 221992
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SpaDe

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SpaDe

Re: Wayne R post# 28826

Thursday, 07/31/2008 5:02:21 PM

Thursday, July 31, 2008 5:02:21 PM

Post# of 221992
Yes but he stated that he would not use any of FFGO's finances to purchase shares of HGLC. So to make good on his statement he takes out a loan for 50mil using the exhisting HGLC shares as colateral so that FFGO in the event of a default on the loan is not responsible. I think that was a wise move IMO.
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