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Ed Ajootian

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Ed Ajootian

Re: Bobwins post# 9353

Tuesday, 07/12/2011 7:41:57 AM

Tuesday, July 12, 2011 7:41:57 AM

Post# of 17739
Bobwins, Saratoga (SROE.PK) -- don't forget that in addition to the 11.5% cash interest they had to pay 111K shares of stock per month on their old debt. At a $5 stock price this makes the total interest rate about 17%. Its nice to see them finally get out from under those dilutive terms.

Can't wait till they start drilling holes, which I believe was supposed to start this month.
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