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Re: Trinityz1 post# 11669

Monday, 03/22/2010 11:35:33 AM

Monday, March 22, 2010 11:35:33 AM

Post# of 14027
He didn't pay cash for Global. It was all paper trading and who knows how it was structured (bought majority interest, or a interest in the Libya division etc). Part of the deal was that GFCI go public on a higher exchange like AMEX so it was predicated on certain amount of performance/stock appreciation. Since JD couldn't meet the conditions the deal never got finalized.

At this point we can't rely on any JDs PRs.