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gattes12

06/14/10 9:59 AM

#143361 RE: cruzdelsur #143358

The PR says:

Dean Bradley, announces Newby & Associates, Inc. has received confirmation from the Trust company confirming their bank's outgoing swift of a $125mm standby letter of credit to the Trust Company's Bank. Once the Lending Bank has confirmed the BANK TO BANK swift transfer from the Trust's Bank, funds will be received by Newby & Associates, Inc. for lending to QASP within 72 hours.



It does not say that even Newby will be receiveing funds in the next 72 hrs.

Once can be anytime.
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jarhead50

06/14/10 9:59 AM

#143364 RE: cruzdelsur #143358

It was the timing Dean was projecting, completely transparent.
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Bullstocks

06/14/10 10:03 AM

#143372 RE: cruzdelsur #143358

I think you are correct. This is looking like the 110 million is a done deal and it is just a matter of 72 hours.
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cosmoworld7

06/14/10 10:14 AM

#143391 RE: cruzdelsur #143358

It says 72 hours after the confirmation. So I would perhaps give a few days for the confirmation, then within 72 hours after that. The week of June 21 should be very eventful according to Dean.