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Curse

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Curse

Re: jcwillis post# 275

Wednesday, 05/01/2013 10:46:58 PM

Wednesday, May 01, 2013 10:46:58 PM

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Yeah no surprise. The only thing going on is the orderly transfer of wealth From shareholders to Tenor, bonds and management. I will be amazed if the shareholders keep more than 10-15 percent of company after tenor gets done with the next loan terms. I will not be surprised if management shares become undilutable as well. It will be ugly. As ownership transfers away from shareholders the amount required to settle will be reduced. $250-300 million will clean this mess up nicely for everyone but real shareholders.
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