Ann: Notice of Meeting of Noteholders , page-9

I had a feeling the offer would be completely derisory ... I did not think it was likely to be this derisory.

From a ActionBBSN viewpoint, I was worried that they would actually put up a credible offer. Fortunately, our directors are continuing a remarkable tradition of completely alienating the noteholders.

I will predict that ActionBBSN enrollments will do nicely out of this ...

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