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littlefish

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littlefish

Re: ambulance_blues post# 4839

Friday, 11/27/2009 12:53:33 AM

Friday, November 27, 2009 12:53:33 AM

Post# of 7895
I believe the 2001 filing was in error if it mentioned specifically US.
As I have understood it all along, the 2% has been on total sales for the company.
As for Gene not getting payment yet, if the company's growth settles in and they have good amounts of cash I would think Gene would start accepting what he is owed.
Until then, I think he is of the mind (and has shown historically) to keep doing what he has and that is defer payment to further growth since they are just getting started in being able to expand and afford it internally.
IMO the interest rate on that amount owed speaks to what Gene's thoughts are on the payments.
But anything can happen of course.

Good luck.

I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog

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