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Hedge Starz

11/24/09 12:35 PM

#50498 RE: Pathfinder85 #50497

probalby an equity JV. give restricted shares and take % of the JV profits
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uri44

11/24/09 12:39 PM

#50501 RE: Pathfinder85 #50497

I think that you are assuming they are funding it with shares, rather than the loan, because you are right, it does not make any sense.
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Axe2-3-8

11/24/09 12:46 PM

#50509 RE: Pathfinder85 #50497

one of the options to pay for the loan is with 9% of the common shares. He is going to pay for the aqui's with the loan then possibly pay the loan if the value of the stock is worth what he owes on the loan. Its actually a brilliant strategy. Tuck them away now so the loan is possibly paid for when the term is over jmo
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World Beater

11/24/09 12:49 PM

#50511 RE: Pathfinder85 #50497

We don't know why. It could be that the $350 Million is for the acquisitions only. I was just giving my opinion. Like I said hopefully this is a prelude to an update on the share structure.

IMO
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skydivers01

11/24/09 12:54 PM

#50512 RE: Pathfinder85 #50497

There are stipulations when you get a loan. It is possible the loan is only to be used for the acquisitions. It is really simple to understand. So many people are quick to say "why dont they this and why dont they that" They CANT, this is a big reason IMO for the share dilution.

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Tops $ Bottoms

11/24/09 12:57 PM

#50513 RE: Pathfinder85 #50497

penny land smoke and mirros >> BUY backs are HUGE RED flags.

GLTY

jason