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clearcoated

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clearcoated

Re: siaubas post# 3364

Thursday, 04/02/2009 7:04:58 AM

Thursday, April 02, 2009 7:04:58 AM

Post# of 4466
They will need to raise cash soon. That is certain. You agree?

Last summer when they got r/s approved, management owned 6.2%... and they rounded up consent from 51.7%. For which they add "No consideration was paid for the consent." I really wonder how Monarch Capital Fund Ltd. made out from this deal as they were on record as owning 25% at that time???

http://www.sec.gov/Archives/edgar/data/1190132/000114420408043039/v121406_defr14c.htm

So what you're implying then is CHBO is once again making an “off market” deal to raise the funds they need to keep going.

Legitimately, all we need is real news of success...or real volume preceding that news. We don't want another off market deal that dumps on us.

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