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Re: lmcat post# 1904

Monday, 09/10/2012 3:55:23 PM

Monday, September 10, 2012 3:55:23 PM

Post# of 52900
If they had funding that was contingent on permits, I think they would have already announced that they had secured funding once the permits were in place.

Instead all I see is debt written off because they don't think it is "real debt" and more notes taken out with higher interest rates (up to 14%, formerly 8%) and shorter terms (6 months, formerly 1yr). To me that shows that SIRGE is currently being viewed as a HIGH RISK company, not a company that has funding that is contingent on permits.

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