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Ann: Appendix 4C and Quarterly Activity Report, page-14

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    I think it really come down to SH's being at the mercy of Lucerne, given they now also have a seat on the board.
    I wouldn't say guaranteed default, because there can always be some kind of new 'arrangement' made, but I would suggest that any such 'arrangement' will likely involve SH's being firmly shafted.
 
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