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Old 12-08-2003, 07:31 PM  
chodadog
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Join Date: Apr 2002
Posts: 9,736
The justification will obviously be that they needed to shave to afford those high PPS payouts. I don't think any new program should start out on PPS unless they have an assload of capital. If you need to shave to stay in business, then you shouldn't be in business in the first place.
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