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chisox pat

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chisox pat

Re: YankeeAce post# 4174

Monday, 10/24/2005 2:18:37 PM

Monday, October 24, 2005 2:18:37 PM

Post# of 23107
If I came to you and said I need to borrow $1.75 million for a couple months max and I'll pay you 10% interest just to hold the money for those couple of months and I will put up as collateral say 10 million of my restricted IDWD shares (worth $3.5 million), what would you say? Now, I'm not a banker but that sounds like a reasonable deal.

The only way anyone would take that deal is if they could short against the restricted stock, which would not be good for shareholders.


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