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DewDiligence

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DewDiligence

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Re: ilpapa post# 7900

Wednesday, 01/08/2014 4:26:28 PM

Wednesday, January 08, 2014 4:26:28 PM

Post# of 30547
The timing of today’s HES SEC filing and PR presumably coincides with HES’ receipt of the IRS private letter ruling that says HES can spinoff shares of the retail business to existing HES shareholders via a tax-free distribution.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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