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Re: MikeDDKing post# 2260

Saturday, 03/31/2012 9:38:20 PM

Saturday, March 31, 2012 9:38:20 PM

Post# of 5109
So the company is loaning money to another person so that person can pay his legal fees? If true, how is that kosher?

He should pay his own legal fees. Doesn't seem like it's the company's business to be lending someone else money for legal fees.

There was huge opportunity cost to all shareholders, as that cash was needed. Wouldn't have had to factor nearly as many receivables if they'd had that cash.
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