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lifegear

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lifegear

Re: temp luvs amy post# 6994

Wednesday, 11/26/2008 11:46:49 AM

Wednesday, November 26, 2008 11:46:49 AM

Post# of 10201
how did you come up with the 50% interest when dec07 lsraf 8k showed 100% economic interest on syndicate 839?

after the merger, it's 50% or 50-50 between TGL and TAC?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33003707

The capital for Syndicate 839 was provided by the Oaks, and the Company,
through its subsidiary, LSUK, holds 100% of the beneficial ownership in the
Oaks. However, LSUK issued subordinated loan notes to TAC and TGL totalling
almost $67 million and, as such, the economic interest in LSUK is effectively
held by TAC and TGL.

___________________________________________________
"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke



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