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mongotrader

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mongotrader

Re: None

Wednesday, 08/01/2012 1:34:27 PM

Wednesday, August 01, 2012 1:34:27 PM

Post# of 7114
In reading the 10Q and subsequent news, the correct analysis of the former CEO is that he has settled with the company to accept $10K instead of $210K which was listed as a liability on the balance sheet.

This will result in a gain by extinguishment of debt on the balance sheet of approximately $200K.

This is very good aand greatly improves the balance sheet!

Kudos to the management team!
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