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pwrballl

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pwrballl

Re: jmvala post# 822

Monday, 05/09/2011 8:00:08 PM

Monday, May 09, 2011 8:00:08 PM

Post# of 1227
FWIW.. that sounds about right--> "...The Agreement also provides an earn-out provision, under which up to $7 million in cash and/or Local.com common stock is to be paid to DigitalPost..."

minus the--> "..As of March 30, 2011, under the Creditors Agreements, the total principal amount of the outstanding obligations was approximately $2 million."

Which leaves $5 million give or take for the overall deal.

Will be watching to see how it plays out, DGLPQ definitely has options(cash and/or Local.com stock) to bring a few surprises!

GLTA!!
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