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Re: lmf1264 post# 201561

Sunday, 03/28/2010 8:55:23 AM

Sunday, March 28, 2010 8:55:23 AM

Post# of 203990
Of course, lmf1264,,,

I am sure the banks want their money, and what I just posted kind of covers that. I had to keep it rather simplistic. What I am saying is that I agree the banks want their money, and under the newco this would be easier.

The big difference is that under the newco, we don't have to worry about the pipes, Blech, or any other entity that helped bring this down. I would think your efforts would have been an easier road to hoe if you had come up with investors first.

As an investor, I would much rather fork over cash for a company that is not loaded down with UNECESSARY debt. Yes, the banks are going to saddle you with debt, but why add even more hindrances by trying to please everybody?

The way I see it, Swift has as much right to convert HIS shares as anybody else here. And what about Pandey? Are you converting his shares also? His brother, his cousins? Blech? Or is your POR already selective? Just asking.






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