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AMA1

11/07/07 10:46 AM

#165014 RE: drifterfcrc #165010

Pandey got $3 million from Alembic and reduced it to $1 million. He was supposed to pay off the million with the PIPE but so far this has not been paid. That's where the problem is now. They have to either pay it or enter into a distribution agreement with Alembic. IMO.