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FORTY-8

06/17/11 2:26 PM

#310567 RE: drkazmd65 #310524

To krkazmd65: Big respect to you. Please explain to me why you think that upon a re-floating of preferred the market would decide to value them near face. Why would that be the case when NewCo would only have $100M in cash, and unmonitized NOLs?

I'm trying to understand something that others seem to understand readily.

Thanks for your help.