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Re: pegasus1 post# 10470

Friday, 02/19/2010 1:48:56 PM

Friday, February 19, 2010 1:48:56 PM

Post# of 14386
Since I'm just an ol' guy, I'm sure many here can correct me if I'm wrong. The Sovereign deal was supposed to commence after 12/2008, with them paying EGC $1mil the first year and $500K each year for the next four. What if EGC considered that mil. in their financial estimations for 2009? Now the condo's first notice of preforeclosure was posted mid-Nov. 2009. If Darwin can't cover say a refi. to potentially provide Sovereign startup money, it's obvious he can't pony up $1mil to EGC by end 2009. Maybe SEC wants to closely examine all deals to see if EGC was preestimating (not a CPA, so don't know if they can do that in guidance) other revs.

Per The Hearse...son works for a co. that builds custom cars. It weighs 9K lbs., 22' long and right now is in about a zillion pieces cuz it's being rebuilt into a lowrider/show car. Hoping to have it done for the next Hearse parade in Denver. Thought about lying in back this a.m. (arms crossed over chest) and waiting for that bolt of lightning...

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