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SevenTenEleven

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SevenTenEleven

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Re: TomSawyer post# 185443

Friday, 10/21/2011 11:34:01 AM

Friday, October 21, 2011 11:34:01 AM

Post# of 221984
It's NOT interest. - TomSawyer

It is a dividend based upon the liquidation preference. As far as I am concerned, I am earning 103.47% interest (dividend) on my initial $0.0001/share investment.

The difference between a dividend and interest is the dividend is not an expense to the company and interest is an expense of the corporation.

Either way, I am paying taxes on the distribution. So I really do not care what they call it. 103.47% is 103.47% if/when it is payable.

Good Luck!

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!

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