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zabone

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zabone

Re: Hedge Starz post# 1345

Tuesday, 10/06/2009 10:40:17 AM

Tuesday, October 06, 2009 10:40:17 AM

Post# of 9501
That is not the way it works. The 30MM shares of WLSA that Newlook holds was a secured transaction. If they wanted to pay back WLSA part of their debt, they would have to sell NLI stock not the asset that is used to secure our loan.
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