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Re: SpaDe post# 28830

Thursday, 07/31/2008 6:40:34 PM

Thursday, July 31, 2008 6:40:34 PM

Post# of 221992
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.

Yep. I look in my crystal ball and I see a default. That way, Lumb will get all that stock for pretty much nothing.


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