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Wednesday, 03/21/2012 11:19:46 PM

Wednesday, March 21, 2012 11:19:46 PM

Post# of 248

CPFH is planning to prepay 990K owed to XPOI when they close the sale of their building in late March! This would put XPOI liquidity and ability to invest in Pawnmart at the best levels they've had in years. They still need to show that Pawnmart can continue to grow revenues and earn a consistent profit, but they certainly have the near term liquidity issues licked.



http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8496247-1027-183809&type=sect&dcn=0001354488-12-001245

from page 6 of the CPFH 10k filed yesterday:

RECENT DEVELOPMENTS


On February 22, 2012, the Company entered into an agreement to sell its headquarters building, located at 1 Main Street North, Minot North Dakota, to Corridor Investors, LLC., at a sales price of $990,000. The sale is scheduled to close on March 30, 2012, however, there is no assurance that this sale will be completed. Upon the sale, the proceeds will be paid to PawnMart, Inc. as payment on the $1,300,000 promissory note, which is secured by the building, to reduce the balance due on that note. The holder of the title will release the title for this sale and has agreed to issue an unsecured note for the remaining balance due. The new note has not yet been finalized as of the filing date of this report.

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