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Re: Pennypicks post# 62034

Thursday, 12/17/2009 6:17:32 PM

Thursday, December 17, 2009 6:17:32 PM

Post# of 375420
I don't blame you for not understanding the press release. Basically, what they are saying is:

Inver Finance is going to issue a secured bond for 1 billion dollars, and a portion of the proceeds will be lent to Quasar. The bond will be backed by bundled life insurance settlements, which old people sold to Inver at a discount of their face values. Inver will pay these policies premiums until they die, and collect on the insurance.

I think it's safe to assume QASP provided the background behind the origins of the loan to make the story more plausible (that anyone would have 350 million to loan in today's economic climate.)

And for anyone reading this, I think this is a Pink Sheet pump and dump and everything surrounding this loan supposedly in the works is fictional.