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Re: feinanddandy post# 97062

Friday, 10/11/2013 1:46:29 PM

Friday, October 11, 2013 1:46:29 PM

Post# of 162972

He should know that not a SINGLE financial institution will loan any Corporation a dime without Audited Financial statements for two years, and Corporate Tax Returns for the same duration. This has been a practice in banking for 50 years.



This is without a doubt the single most accurate post on this board ever.

There's no possible way that they can audit financials especially considering they have not filed tax returns. Don't forget, that the judgement for $5 million makes ANY acquisition the company makes a target.

If I was the holder of that lien, I'd be all over any property that they acquire until my $5 million was paid in full. Considering oil properties are a declining asset, their book value today is not what can be written down off the lien!

Your life is trite and jaded,
Boring and confiscated.
If that's your best, your best won't do.