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paup

10/21/09 3:38 PM

#199066 RE: lmf1264 #199062

Basu putting more funding into XI, trying to salvage his initial investment. If more funding is found and the creditors accept a plan of reorg. based on new money, I believe an opening exists for XI to be viable. Easier to recover XI/XN with funding. Also more likely the Nigerian Govt. will relicense when they see a funding committment.