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scubastevo80

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scubastevo80

Re: Snizzle post# 13947

Saturday, 01/04/2014 9:13:10 AM

Saturday, January 04, 2014 9:13:10 AM

Post# of 24848
If I'm not mistaken, there most certainly was a cost to Ironridge. They paid $700k in accounts payable for equity in SCRC. While this may be skewed in Ironridge's favor, the $700k was required to help finance Rapimeds in China, which is where the large returns in this investment will come from (assuming success in that market).
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