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--></style></head><body lang=EN-CA link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Thanks for this one Evan .. Maybe I missed something along the way here but why would there be this $360M debt? Is it because the size of the sale offer of $1.1B? Makes me really wonder about these so-called hedge funds and the tax games they play .. How can they ever be trusted?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>“<span style='font-size:13.5pt;font-family:"Georgia",serif;color:black;background:white'>The Public Interest Registry, a Pennsylvania-based nonprofit overseen by the Internet Society, would have been spun off as a private company saddled with $360 million in debt.</span>”<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0cm 0cm 0cm'><p class=MsoNormal><b><span style='font-size:12.0pt;color:black'>From: </span></b><span style='font-size:12.0pt;color:black'>Evan Leibovitch <evan@telly.org><br><b>Date: </b>Friday, May 1, 2020 at 1:00 PM<br><b>To: </b>Marita Moll <mmoll@ca.inter.net><br><b>Cc: </b>Brian Beaton <brianbeaton@knet.ca>, TC Advisors <advisors@tc.ca>, Susan O'Donnell <susanodo.unb@gmail.com><br><b>Subject: </b>Re: [Advisors] Fwd: [IP] Sale of .org domain registry delayed by California attorney general<o:p></o:p></span></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><div><div><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#0B5394'>There's a very nice day-after piece written for the LA Times that examines the implications.<br><a href="https://www.latimes.com/opinion/story/2020-05-01/org-domain-sale-icann-ethos">https://www.latimes.com/opinion/story/2020-05-01/org-domain-sale-icann-ethos</a><o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif;color:#0B5394'>- Evan<o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p></div></div></body></html>