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56Chevy

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56Chevy

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Re: romang post# 395

Thursday, 05/09/2013 2:04:15 PM

Thursday, May 09, 2013 2:04:15 PM

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does anyone have a idea if the cash coming in from clipper etc goes to the estate or does the dip also take this. im wondering because the sale could take a few months to complete

The biggest reason we even have a DIP loan was to bring Clipper on line ...so until the sale is complete..any revenue Clipper generates goes towards paying back the DIP loan.

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It's possible PSAM and FPA may be a players in all this. They held both the 1st and 2nd Lien notes.









Learn something new every time you invest...and take it with you to the next opportunity.

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