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mzurosky

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mzurosky

Re: Uranium post# 77795

Wednesday, 03/14/2012 9:04:19 AM

Wednesday, March 14, 2012 9:04:19 AM

Post# of 82680
Unless that debt was not straight cash and a LOAN from another source (bank, etc.) thereby closing the loan with the bank and putting it on the line with the company vs. the individual and if all goes BAD... the loan gets washed away vs. held over one of the owners heads.

Basically, by converting those shares WE paid off that loan with the dilution to the PPS.

IMO

-Matt
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