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Post# of 83044
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billyboy11

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billyboy11

Re: private_wealth post# 55829

Wednesday, 02/24/2010 11:37:51 AM

Wednesday, February 24, 2010 11:37:51 AM

Post# of 83044
Subordination is only necessary if the new loan is not sufficient to pay all creditors in full. If it is, no subordination will be necessary. If they are paid in full, they have no more say. Word on the street, the same STF deal for 6 or 7 million is still on the table from the same lender, but they cant get all of the current creditors to agree to dilute or subordinate. I hope something big and long term comes through soon!!!
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