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Re: ASCENDANCY10 post# 17085

Thursday, 12/22/2011 4:51:37 PM

Thursday, December 22, 2011 4:51:37 PM

Post# of 183865
No "redemption" notice necessary. If PVSP had the cash, they can buy back a Convertible Debenture anytime, + the interest, +the 25% redemption penalty.

PVSP could pay the rest of the $13M overdue debt anytime, too, IF they had $13M of spare cash lying around.