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Re: greggorygene post# 198304

Monday, 08/18/2008 8:51:32 AM

Monday, August 18, 2008 8:51:32 AM

Post# of 246992
On January 25, 2008, a financing was completed that resulted in EcoSystem
becoming the guarantor of the debts of several of its former affiliates. The
beneficiary of the guarantees was YA Global Investments, LP ("YAGI"), which
committed to extend credit to those affiliates. As of June 30, 2008, the
outstanding principal and accrued interest of the debt was $43,040,070.



I do not think that ESYM is taking over the debt as they are just guaranteeing the debt paid, YA just wanted a few more ways to get their money back out!