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Saturday, January 14, 2012 10:09:01 PM
Since the debt is so serious for this tiny company (interfering with their ability to run the business) and since by far the greatest part of equity is the Library Valuation (which is questionable) I think this debt/equity measurement is not very meaningful.
An important take-away from the meeting is that they seem to be trying to present things truthfully. Let’s not ignore what they say.
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