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Tris

03/18/11 9:53 AM

#23634 RE: dsabolchick #23594

Youre welcome dsa, Ive enjoyed reading your take on things too.

I agree with your thinking, its a good idea to pay off debt (and sometimes absolutely necessary) and the fact that debtors are happy to take shares as payment does show that they have confidence that the shares are worth something.

It would have been nice if they had said how much debt was paid off with the shares like they did with Lenny's but I understand they are under no obligation to and its likely the creditors each agreed different terms and would be less than pleased if they thought they were getting less shares per $1 of debt than someone else.