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To: Louis V. Lambrecht who wrote (24941)12/3/2003 10:19:08 AM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
<All valuations made before the financing must be revised to 2/3rds.>

I am not sure about that. Valuations where made on discounted cash flow basis assuming some debt and equity financing.

This was just the equity financing part that will facilitate the debt financing part one year down the road.