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Re: None

Thursday, 02/27/2014 12:51:10 PM

Thursday, February 27, 2014 12:51:10 PM

Post# of 92306
The Company, in discussion with its new auditors, determined that warrants exchanged in 2013, which were originally accounted for as a fair value exchange with no P&L impact, was better defined as a derivative liability. As such, the Company has taken a non-cash charge of $9.5 million, as part of its 2013 cleanup exercise.
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