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To: golfbum who wrote (228212)3/16/2007 2:51:17 PM
From: TimFRead Replies (1) | Respond to of 275872
 
notice i said "net" $1B. 50% of any stock sale must be used toward retiring the oct06 ati note unless the terms are renegotiated.

1 - Part of that -$500bil cash flow would be the cost of making payments on that note.

2 - They would need a billion from sale of stock if #1 wasn't true (and probably not all that much less with it being true) IF they had almost zero cash now and they had to cover all of that negative cash flow with stock sales, but that isn't the case.

Balance Sheet
Total Cash (mrq): 1.54B
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