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Re: World Beater post# 48516

Wednesday, 11/18/2009 3:45:54 PM

Wednesday, November 18, 2009 3:45:54 PM

Post# of 375420
What AWESOME terms - Quasar has three options for repayment: (1) an issuance of the Company's common stock equal to approximately 9% of the common stock outstanding as payment in full of the principal, (2) extend the loan for two successive five years terms, or (3) pay off the principal and any accrued and unpaid interest

It's nice to know this sort of funding is available in Europe where US restrictions aren't applied "The funding transaction is structured as a loan, the proceeds of which originate as part of a $1 billion bond issued by Inver Finance Ltd., an Irish corporation.

Makamai