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Re: vpagano post# 270

Tuesday, 08/31/2010 11:45:16 PM

Tuesday, August 31, 2010 11:45:16 PM

Post# of 323
I can only guess that this might get wrapped up in very late 2010 or early 2011. The governmental bar date is not until October 31, 2010 and the PAR claim also has to be expunged. Rest assured that the debtors and the equity committee will be moving towards a swift winddown because they are both incentivized to return the greatest value to the estate.

This is one of the holdings I am least concerned about. The money is there to make a meaningful distribution to the equity holders it is merely a matter of waiting. This is also a name I am always looking to accumulate on pullbacks when impatient holders move on. I was on vacation when it plummeted to a nickel or else I would have been holding a much larger position. I don't post much on the name and I am not planning on publishing any updates to the valuation. All that has done in the past is to invite and create competition for shares when they reach the most attractive levels.

GLTA

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