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IRBeach

06/22/11 8:37 PM

#575 RE: saustin #574

Bill Loughman was brought in by Glenn Singer & Michael Criden when they pumped 16mm into the company. The first round of financing 8mm was done at 1.00 and the second at .75 and decided to change the business model from TV to radio. 18 months later the money was gone.. That's when McKelvey raised another 2.1mm.. your time line is off.