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LongNDeep2

03/04/19 5:52 PM

#2482 RE: Srmadison #2481

LIHT is not giving up revenue in Chase.

We are forming a JV...where we had none before. We had no revenue in Chase...now through the JV...we will own half....but without shareholder dilution.

We are not taking existing properties and giving up half the revenue.

We build it...we run it...they finance it.

We are giving up 50% of revenue and 100% of dilution. We still have the same number of shares...but will have half the profit.

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LongNDeep2

03/05/19 10:30 AM

#2489 RE: Srmadison #2481

Another way of looking at it is...LIHT made a dilution free deal for twice the capacity they were looking for. And can take as long as they want to pay back....but the incentive being 50% instead of 20% revenue once the loan is paid.

Or another way of looking at it....LIHT will own 100% of 243,000 sf facilities ...dilution free.

GLTA

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