Re: This guy is telling it like it is on Yahoo

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geoglow

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Re: This guy is telling it like it is on Yahoo

in response to

This guy is telling it like it is on Yahoo

Tacomarome

posted on Nov 06, 2008 06:04AM

It will take less than the value of the outstanding debt. The holders of the notes have seen the writing on the wall for months. They won't ask (or get) par. They'll get pennies on the dollar, and somebody will walk away with the claims for far less than the value of the outstanding debt.

Market cap is less than 100grand. Debt at 50 or 60 cents on the dollar...

Hmm, anybody have a rich uncle?

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