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Re: malekabal42 post# 51268

Wednesday, 12/21/2011 11:32:25 AM

Wednesday, December 21, 2011 11:32:25 AM

Post# of 54875
Hey Mr. Sterlman---Can you provide us with any specifics re your conversation with Wayne and this supposed "bridge loan"? The "bridge" must be from the sale/refinancing of MOPN owned property. Presumably the current production mill. So why would it be "unsecured"? Was the property over/excessively appraised? If the "bridge" is for a term of 3 mos. or less, what is the current status of the property that serves as the security for the loan? This is all BS, BS, BS. No doubt in my mind that MOPN has the 1.5mil in its back pocket. Lower share prices give knowledgeable folks the opportunity to buy lots of shares at huge discount. The 1.5 mil is spit for folks Wayne can tap for a short term loan, including our beloved Federal Government, Saudis, South American investors, Canadian investors, and , I will repeat, our Government, along with State and local redevelopment FUNDS. The money is there and it is in Waynes back pocket--IMHO!!! Someone wants to see just what is happening---the share price falling to a "let's buy a ton" level. Again,JMHO but 1.5mil on a lousy 15mil project is, as I said, just spit. Someone is sucking you share sellers dry. SS