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To: jeffbas who wrote (827)5/29/1999 4:24:00 AM
From: Steve Misic  Read Replies (1) | Respond to of 952
 
Jeff,

The buy-back is with borrowed funds.
If the have the line of credit to do this with in place, then they will buy the stock back before the reverse split. If they don't get their act together, they can probably buy the stock for $.75 in a few months after the reverse split from all the former shareholders selling for a tax loss.