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Re: PENNY PIRATE post# 2291

Wednesday, 07/28/2010 11:51:37 AM

Wednesday, July 28, 2010 11:51:37 AM

Post# of 2382
The 70% does not represent cash minus the expenses. 70% is what Westmount has acquired - that leaves DMEC with 30% of the hypothetical reserves (maybe - because the press release does not say that DMEC retained 30% - it is just some info on a Westmount web page)