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Titanium

10/04/17 1:30 AM

#120327 RE: armour1955 #120325

The letter of credit is a bit more complicated than that. I believe it can only be used for the telecom business

TenKay

10/04/17 8:32 AM

#120366 RE: armour1955 #120325

If they really have a $20M LOC...why do they keep selling convertible notes for cash?

Why not just draw from the LOC?

(Answer: because it is not really an LOC).