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Re: pristine post# 640

Friday, 06/19/2009 11:19:11 AM

Friday, June 19, 2009 11:19:11 AM

Post# of 1142
The common shares will be bought, not cancelled. They represent the remaining equity after debts are paid. That is what shares are.

DIP financing says that the BOD continues to have a fiduciary responsibility to the shareholders. Any less than that is FRAUD, and they can be held personally liable.
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