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Monday, May 23, 2011 8:08:23 AM
Most of the dilution (4bil) we saw in the first quarter was non-YA global conversions. So, it seems, YA(our senior creditor) is mostly getting paid in cash now. This is HUGE.
Long winded but, in short, the tone of the quarterly report suggests to me that he is focused on building shareholder value and I think he can avoid the R/S based on the revenues coming in now.
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