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Re: coldasice post# 2035

Tuesday, 02/17/2009 8:55:04 PM

Tuesday, February 17, 2009 8:55:04 PM

Post# of 12137
Correct C-Port.

I counted the $739,000 in interest expense as spent because it was straight off the income statement, I wasn't worried whether or not it has left the firm, because eventually it has to be paid.

It was just added to principal. The Notes Payable was $2.5 Million on 9/30/08 and is now $3.3 million on 12/31/08. (2.6 short-term & 700K long-term). So that's where the $739,000 or most of it went.

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