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emperor3605

02/01/09 10:12 PM

#3177 RE: grajee #3176

The reason for the jv was that wwei claimed to be able to obtain financing at a lower rate than the current project financing rate. Refinancing made sense to ninxia. With the credit crisis, obviously low interest financing is on hold worldwide. You all know that. I hate to keep posting this same info. There is a credit crisis---it changes all companies timelines. What would you like Larry to do about it?