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Re: Sparce post# 149421

Thursday, 06/24/2010 11:52:31 AM

Thursday, June 24, 2010 11:52:31 AM

Post# of 375420
HA. "the final two conditions required by the issuer" - probably something quite simple like a draw-down notice and an officer's certificate to the effect that no material adverse change has occurred with respect to the assets underlying the loan. Just a guess, but it seems to me that QASP is bascially PR'ing the money but in way that the market won't quite consider "final" so that they can buy some w/out being in violation of their disclosure obligations.

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