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Re: rocketeer357 post# 32412

Tuesday, 04/20/2010 1:12:41 PM

Tuesday, April 20, 2010 1:12:41 PM

Post# of 35633
Good points and discussion rocket & MD.
Jesup-Lamont, having already funded about $8M and
knowing that the $8M gets paid back in LTC shares at 50% of
the IPO price, J-L's bridge is likely to be just a few $100k,
enough to meet current cash-flow requirements to achieve an
aggressive business plan, which would include an IPO later this year. I do like your suggestion that J-L provide a $10M bridge
and then do a larger IPO 2 or 3 years down the road, but I doubt J-L prefers that option.

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