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Tuesday, November 06, 2012 2:04:46 PM
PROCEEDS
"The amount received from the sale of an asset."
When the founders lend the note to the company there are no proceeds from this. When the note gets converted to shares and sold, there are proceeds. Which are then reinvested. It's obvious you will spin this in any negative way you can. But my ignorance will continue to read it like this. Just like I continue to use a fake product that comes from a non existing warehouse which has shipped the product to a company that trades at $230 a share which in turns sells it to the general public.
But hey thanks for saving me from my own ignorance.
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