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Ngas

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Ngas

Re: kingman post# 26401

Tuesday, 12/23/2008 2:19:30 PM

Tuesday, December 23, 2008 2:19:30 PM

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I'm no lawyer and have 0 experience in corporate defaults - however what happens to any & everything owned by EDEX (equip, leases, office, ie everything) when we default on the $190k loan outstanding?

One thing I do know is that equity is a lower tier on a corporate capital structure than bonds/loans...

(Disclaimer - my knowledge of this loan's existence is from one of D-Dog's posts. Seeing that he's spot on regarding everything else - I imagine his DD in identifying this loan is accurate.)

Thoughts anyone?




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