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Re: Snackman post# 77257

Saturday, 04/16/2005 6:00:41 PM

Saturday, April 16, 2005 6:00:41 PM

Post# of 249167
why doesn't wave just take on some debt to cover the costs of the supposedly imminent ramp up & protect the wavoids' interests?

you recently posted how very easy it would be to obtain a credit line --- why doesn't wave go to fleet bank & obtain a $25Mil revolving facility?

why is teamsprague so averse to having creditors?

if yer predicted revs really are such a sure thing, a credit line could be paid off easily w/only minimal interest costs, versus the bloated share structure proposed in the proxy.

why are you trying so hard to sell this share increase?

it seems as if quite a few people already do "see through this."

good luck!

SPIN

PS has it been six months yet?

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