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To: scion who wrote (11454)10/2/2007 9:45:44 AM
From: scion  Read Replies (1) | Respond to of 12518
 
26. After filing for bankruptcy protection, Plasticon borrowed funds from LexReal without Court approval.

The notes documenting these loans provide for an “upfront fee” to be paid to LexReal of Plasticon common stock valued at 100% of the loan amount, and a default interest rate of 20% daily.


Doc 251

In re:
PLASTICON INTERNATIONAL, INC.
Debtor.
Case No. 07-50934
Chapter 11

JOINT STIPULATIONS OF FACT