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MoneyStocker1

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MoneyStocker1

Re: None

Monday, 08/05/2013 2:18:57 PM

Monday, August 05, 2013 2:18:57 PM

Post# of 22426
Just so everyone knows...Ramadan has nothing to do with the state of the Financing! Things will move forward regardless of this holiday! I believe the Ramadan statement was a matter of opinion!

The certain securities in place that was mentioned is accurate. There is a lot of $$$ being put up for the LOC (letter of credit) which is liquid, that will be transferred over seas into a holding...The company wants to make sure that certain safeguards are in place before making that transfer, such as making sure they can get that money back when the time comes!

IMO if I were sending that much money over seas I would have the same worries and would expect the same safeguards in place before I part with millions of dollars!

VHGI

MS
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