Spyglass Ridge LIHTC Marketing Analysis

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    04-Apr-2018

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    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 0

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    @yoyst

    ^|agissa| M|hsthei Fyffi|tD|irik Yehwi|shtx44

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    T`lki ag Caetiets

    Iricythwi Syff`|x 4

    ^batao|`~bs ag Syljict ^|a~i|tx 7

    @ssyf~thaes `ed Khfhtheo Caedhthaes 2

    Sca~i ag tbi @sshoefiet 8

    \iohae`k Disc|h~thae 0>

    Eihobla|baad a| ^|hf`|x F`|mit @|i` "^F@( Disc|h~thae 07

    Shti Disc|h~thae

    Sy~~kx @e`kxshs 49

    C`~ty|i \`ti Diwika~fiet 4?

    Ci|thghc`thae 42

    @ddiedyf 48

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 3

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    Iricythwi Syff`|x

    H% Tbi Syljict ^|a~i|tx:

    Tbi syljict ~|a~i|tx hs `e irhstheo 2> yeht caf~kir+ tb`t caeshst ag ta `ed tb|ii

    lid|aaf gk`ts `ed tae&bafis% 0> hkk li tbi ghe`k caf~kh`eci xi`| `s ` kahecafi ~|a~i|tx% Tbi lyxi| hetieds ta |ib`lhkht`ti tbi caffyehtx ysheo ei KaHecafi Baysheo T r C|idhts%

    Accy~`ecx hs khfhtid ta tbasi tb`t `|i 7>) a| kiss ag tbi fidh e hecafi ga| tbi`|i`%

    Tbi syljict ~|a~i|tx hs s~|i`d awi| 07%92 `c|is ysheo 0> lyhkdheos% Ht hs htbhetbi Khecake Chtx chtx khfhts+ b`s i`sx f`ss t|`esht `cciss `ed hs htbhe i`sx`cciss ta kac`k sba~~heo cieti|s+ scbaaks `ed fidhc`k si|whcis%

    Tbi Syljicts @fiehthis:

    Tbi yehts t tbi syljict ~|a~i|tx `|i l`shc htb st`ed |d `fiehthis heckydheo|`eoi!awie+ |ig|hoi|`ta| `ed dhsb`sbi|%

    Caffyehtx `fiehthis heckydi ` caffyehtx cieti|+ caffyehtx o`|die `ed~k`xo|ayed%

    HH% F`|mit @|i` ! Icaeafx

    S~xok`ss \hdoi hs caest|yctid he Khecake Chtx+ A|ioae+ kiss tb`e < fhkis g|af tbichtx cieti|%

    Sheci 0882+ tbi ~a~yk`thae ga| tbi cayetx b`s liie g h|kx st`lki `t |ayed49+>>>+ baiwi| ht hs ir~ictid ta o|a ta 9>+>>> lx %

    Yeif~kaxfiet b`s liie st lki dy|heo tbi s`fi ~i|had+ st`|theo he 0882+ lyt htb`s liie wi|x yest`lki% @t tbhs thfi ht hs tbi bhobist tbi cayetx b`s siie he 0>xi`|s `t awi| 0>)%

    HHH%Caf~iththwi \iet`k F`|mit

    Fast ~|a~i|this he tbi |i` b`wi `|ayed ` 9) w`c`ecx |`ti htb tbi ikkf`e`oid ~|a~i|this `cbhiwheo ckasi| ta 3) ta 4) w`c`ecx% Tbhs hs daei htbkhttki ta ea caecisshaes `s tbi f`|mit ~k`ci b`s st`|tid ta st`lhkhzi%

    Tbi|i b`s eat liie `e `gga|d`lki caffyehtx lyhkt he tbi Khecake Chtx `|i` shecitbi caf~kithae ag Li`cae C|ist he 0889 iwie tbayob ` |i~a|t |httie he >7hedhc`tid tbi eiid ga| `e ddhthae`k > yehts lx 0

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    HW% Iw`ky`thae ag tbi ^|ajict

    S~xok`ss \hdoi he eiid ag |i~ h|+ by|theo hts cy|l `~~i`k+ ed hs eat caf~`|`lkita ta ag tbi caf~`|`lkis dyi ta tbhs%

    Tbi syljict ~|a~i|tx dais aggi| shfhk | `fiehthis ta latb hts Caewiethae`k `ed

    @gga|d`lki "Ka Hecafi( caf~ithta|s% Tbi yeht shzis `|i shfhk`| ta atbi| caffyehthis he tbi `|i`% Tbi Jykx >8 |iwhi ag tbi syljict ~|a~i|tx eatid tbi eiid ag $

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    ^batao|`~bs ag Syljict ^|a~i|tx

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 7

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    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi ?

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    @ssyf~thaes `ed Khfhtheo Caedhthaes

    Tbhs |i~a|t ohwis ` l|hig st`tifiet ag tbi f`he ~ahets ag tbi syljict ~|a~i|tx% Iesyheo hs` khst ag s~ichghc `ed oiei|`k `ssyf~thaes tb`t bik~id oyhdi tbhs `e`kxshs% Tbix heckydi:

    Tbi |i~a|t gacysis ae ` oiei|`k iw`ky`thae ag tbi f |mit `ed hs eat hetiedid taiw`ky`ti tbi ghe`ech`k gi`shlhkhtx ag tbi ~|ajict% Tbi ghe`ech`k gi`shlhkhtx hs lixaedtbi sca~i ag tbhs `e`kxshs%

    Tbhs |i~a|t hs |httie ga| ysi `s ` ck`ss ~|ajict ga| \I@K 9?< "@dw`ecid F |mit\isi`|cb ' @e`kxshs( `ed hs eat hetiedid ga| `ex atbi| ysis%

    Tbi |i~a|t ssyfis tbi ~|ajict hkk caetheyi ta si|wi tbi baysheo eiids agbaysibakd hecafis lika 7>) ag tbi fidh`e hecafi `ed tb`t tbi Sicthae 2caet|`ct caetheyis hedighehtikx%

    Tbi |hti| `ssyfis ea |is~aeshlhkhtx ga| f`tti|s kio`k he cb`|`cti|+ ea| dais bi|iedi| `ex a~hehae `s ta thtki+ bhcb hs `ssyfid ta li f`|mit`lki% @kk irhstheokhies+ iecyfl|`ecis+ `ed `ssissfiets b`wi liie dhs|io`|did+ yekiss

    atbi|hsi eatid+ `ed tbi ~|a~i|tx hs `e`kxzid `s tbayob g|ii `ed cki`|+ yedi||is~aeshlki aei|sbh~+ `ed caf~itiet f`e`oifiet% Tbhs heckydis eaiec|a`cbfiets+ zaeheo+ a| |ist|hcthwi whak`thaes irhstheo he tbi syljict ~|a~i|tx%

    Irbhlhts b`wi liie heckydid ta bik~ `sshst tbi |i`di| he whsy`khzheo tbi ~|a~i|tx%Ea sy|wix ag tbi ~|a~i|tx b`s liie daei `ed tbi |hti| ag tbhs |i~a|t `ssyfis ea|is~aeshlhkhtx he caeeicthae htb sycb f`tti|s%

    Tbhs |i~a|t dais eat cawi| `ex iewh|aefiet`k `~~|aw`ks a| caeci|es% Hega|f`thae ~|isietid he tbhs |i~a|t b`s liie alt heid g|af |ikh`lki say|cis+ `ed

    ht hs `ssyfid tb`t tbi hega|f`thae hs `ccy|`ti% Tbhs |i~a|t sb`kk li ysid ga| hts hetiedid ~y|~asi `ed aekx lx tbi ~`|this ta

    baf ht hs `dd|issid% ^assisshae ag tbi |i~a|t dais eat heckydi tbi |hobt ag~ylkhc`thae%

    Eihtbi| `kk+ ea| `ex ~`|t+ ag tbi caetiets ag tbhs |i~a|t sb`kk li caewixid ta tbi~ylkhc tb|ayob `dwi|thsheo+ ~ylkhc |ik`thaes+ eis+ s`kis+ a| atbi| fidh` htbayttbi |httie caesiet a| `~~|aw`k ag tbi `ytba|% Tbhs `~~khis ~`|thcyk`|kx ta |i~a|tcaeckyshaes `ed ta tbi hdiethtx ag tbi f`|mit `e`kxst+ `ed tbi ~i|sae ba |atiht%

    Ht hs `ssyfid tb t tbi|i hkk li ~|agisshae`k f`e`oifiet `ed tbi|i hkk li `e`dipy`ti |i~`h| `ed f`hetie`eci ~|ao|`f%

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 2

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    Sca~i ag tbi @sshoefiet

    Tbi aljicthwi ag tbhs `e`kxshs hs ta iw`ky`ti tbi syljict ~|a~i|tx ta diti|fhei hg tbisy~~kx `ed dif`ed caedhthaes `||`et tbi diwika~i|s ~|a~as`k ga| |ib`lhkht`thae ag tbicaf~kir% Tbhs |i~a|t dais eat cawi| `ex ghe`ech`k gi`shlhkhtx ag tbi caf~kir+ lyt |`tbi|

    gacysis ae tbi f`|mitheo `ed caffyehtx eiid ag tbi tbhs KHBTC ~|ajict%

    @e`kxshs a|m daei he tbi |i~a|t hkk li ysid ta diti|fhei 4>) ag tbi o|`di tbi `ytba|hkk |icihwi he tbi \I@K 9?< "@dw`ecid F`|mit \isi`|cb ' @e`kxshs( ck`ss% Eaei agtbhs |i~a|t hkk li ysid ga| `ex atbi| |i`sae+ heckydheo liheo ysid `s ~`|t ag ` ~k`eeheo`~~|aw`k `ed!a| ghe`echeo |ipyists ga| tbi ~|a~i|tx%

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 8

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    \iohae`k Disc|h~thae

    Khecake Chtx sikks ta awi| 3>+>>> ~ia~ki dy|heo ~i`m syffi| tay|hst si`sae g|af tbi~i|f`eiet ~a~yk`thae ag 2+>77 ~ia~ki `s ag >2% Ag tbi 2>77+ ?839 khwi he tbi y|l`e`|i` ag tbi chtx `ed 030 khwi he tbi eae&g`|f |y|`k `|i` ag tbi chtx% Sheci 088> tbi

    ~a~yk`thae b`s hec|i`sid lx

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    Tbi fidh`e `oi he Khecake Chtx `t 40%2 xi`|s akd+ hs bhobi| tb`e tb`t ag tbi st`ti`wi|`oi% Tbhs c`e li `tt|hlytid ta tbi caffyehtx liheo ` ~a~yk`| |ith|ifiet kac`thae%

    Tbi Khecake Chtx Cb`fli| ag Caffi|ci st`tis tb`t gay| f`ja| if~kaxi|s ag tbi chtxheckydi Tbi Caegidi|`tid T|hlis ag Shkitz+ ba |ye tbi Cbheaam _heds C`shea `t tbiEa|tbi|e ied ag tbi chtx+ tbi Khecake Chtx Oawi|efiet+ Khecake Cayetx Scbaak Dhst|hct`ed tbi S`f`|ht`e Ea|tb Khecake Bas~ht`k% A|ioae If~kaxfiet Di~`|tfiet sbastb`t

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    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 0

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    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 03

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    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 04

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    Sheci tbi 08?>s |i`k `ois b`wi dickheid bhki baysheo ~|hcis hec|i`sid he tbi cayetx%Tbi Caesyfi| ^|hci Hedir "C^H( b`s kiwikid ayt ta li ipy`k ta tb`t ag tbi cayet|x `s `baki `t 0%0 ta 0%7 he >2 `s caf~`|id ta ~|ha| xi`|s bie ht `s bhobi|tb|ayobayt A|ioae% Tbi|i `|i ea hedhc`ta|s st`theo tb`t tbhs hkk cb`eoi htbhe tbi xi`|s`bi`d%

    Tbi|i hs ea aei if~kaxi| tb`t tbi |ishdiets fyst |ikx ae+ lyt f`ex hkk |ikx ae tbis`fi sicta|+ Kihsy|i `ed Bas~ht`khtx% Tbi eiid ga| sylshdhzid baysheo hkk hec|i`si hetbi `|i` dyi ta tbi o|aheo eyfli| ag ~ia~ki fawheo heta tbi chtx `ed tbi Kihsy|i `edBas~ht`khtx hedyst|x+ aei bhcb hs meae ga| ~`xheo `t a| ei`| fhehfyf `oi+ liheo tbisicaed g`stist o|aheo sicta| he tbi `|i` awi| tbi eirt ihobt xi`|s%

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 09

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    Eihobla|baad a| ^|hf`|x F`|mit @|i` "^F@(Disc|h~thae

    Tbi syljict ~|a~i|tx hs kac`tid he ` |ishdieth`k eihobla|baad htb fhddki ck`ss bafis

    `ed aei atbi| sylshdhzid ~|a~i|tx ei`| lx% Tbil`cmshdi `ed ea|tb shdi ag tbi ~|a~i|txg`ci ` ga|ist `|i` bhki tbi saytb shdig`cis tbi kac`k bhob scbaak `ed tbi istshdi g`cis tbi kac`k bafis% Tbhseihobla|baad b`s ~|awie ta li `syccissgyk `|i` ga| tbi caffyehtx dyi tatbi i`sx `cciss ta f`ja| tba|ayob g`h|`ed f`ss t|`esht sta~+ bhcb hs kiss tb`eaei lkacm ``x%

    Tbi shzi `ed sca~i ag tbi tae `kka ga|i`sx `cciss ag `kk |ishdiets ta kac`kif~kaxi|s tbayob tbi `wi|`oi fi`et|`wik thfi ta a|m hs 07%? fheytis%If~kaxi|s `|i sc`tti|id y~ `ed dae tbi f`ja| tba|ayob g`h|+ ^CB "^`chghc Ca`stBhob`x( f`mheo if~kaxfiet ga| tbi |ishdiets ea dhggi|iet tb`e tb`t ag tbi awi|`kkcaffyehtx% Tbi|i hs ea `ethch~`tid cb`eoi tb`t hkk hf~`ct if~kaxfiet+ hecafi a|~a~yk`thae he tbi `|i` he tbi eirt 9 xi`|s%

    Tbi eihobla|baad hs f`|mit`lki `s ht hs kac`tid l`cm g|af tbi f`he bhob`x he ` si|ieiga|ist khmi sittheo htb ehci fhddki ck`ss bafis sc`tti|id tb|ayobayt% Tbi f`ja|

    d|`l`cm hs oittheo ~|as~icts ta eathci tb`t ht hs `w`hk`lki sheci ht hs eat ae ` st|iit tb`tb`s fycb t|`gghc% _bie accy~`ecx hs `e hssyi+ st|aeo aytshdi f`|mitheo hkk lieiciss`|x% Tbhs sbaykd heckydi st|iit shoes g|af tbi bhob`x ~ahetheo ayt tbicaffyehtx `ed `dwi|thsheo he kac`k ~`~i|s `ed ilshtis% Tbi eihobla|baad htsikgsbaykd eat diti| ~ia~ki g|af caeshdi|heo tbisi bafis%

    I`stshdi ag Syljict ^|a~i|tx

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 07

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    Tbi caffyehtx hs ` sba|t >%4 fhkis ta A|ioae Ca`st Bhob`x+ tbi f`ja| tba|ayob g`h|y~ `ed dae tbi ca`st khei he A|ioae `ed >%7 Fhkis ta tbi A|ioae li`cb% Ta atbi|f`ja| `tt|`cthaes+ tbi T`eoi| Aytkit F`kk+ `ed Diwhks K`mi St`ti \ic|i`thae @|i` `|ikiss tb`e 3 fhkis Ea|tb% F`ja| A|ioae chthis ei`|lx heckydi @sta|h` `t 049 fhkis+ Lied`t 028 fhkis+ Ca|w`kkhs `t ?4 fhkis+ Iyoiei `t 0

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    !SAY\CI: Khecake Chtx Oawi|efiet

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 02

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    !SAY\CI: ^`ykeakk%caf

    Diwhks K`mi St`ti \ic|i`thae @|i`

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi 08

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    S`f`|ht`e Ea|tb Khecake Bas~ht`k+ `t 3>43 EI

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    Khecake ^ylkhc Scbaak Dhst|hct si|whcis tbi syljict ~|a~i|tx% Tbi bhob scbaak+ T gt Bhob+iecaf~`ssis ?tb tb|ayob 0 S~xok`ss \hdoi SI% 98) ag tbi stydiets `|i ikhohlki ga|dhscayetid!g|ii kyecb% Tbi A@MS sca|is "st`ed`|dhzid tistheo ga| `kk stydiets |ipyh|idlx tbi Ea Cbhkd Kigt Libhed @ct( ga| tbi stydiets `|i ikk lika tbi st`ti `wi|`oi% Tbi

    ka A@MS sca|i `ed ~aa| ti`cbi| ta stydiet |`tha hs ` |i`sae ScbaakDhooi|%caf |`tistbi scbaak

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    T`gt Ikifiet`|x Scbaak+ htb 327 stydiets+ idyc`tis mhedi|o`|tie tb|ayob 7tb o|`distydiets `ed hs kiss tb`e 0!< fhki ``x `t 4>4> Bhob Scbaak D|% ??) ag tbi stydiets`|i ikhohlki ga| dhscayetid!g|ii kyecb% Tbi A@MS sca|is "st`ed`|dhzid tistheo ga| `kkstydiets |ipyh|id lx tbi Ea Cbhkd Kigt Libhed @ct( ga| tbi stydiets `|i lika tbi st`ti`wi|`oi% Tbi ka A@MS sca|i `ed ~aa| ti`cbi| ta stydiet |`tha hs |i`sae

    ScbaakDhooi|%caf |`tis tbi scbaak 790st ayt ag ?0> scbaaks he A|ioae%

    !SAY\CI: ScbaakDhooi|%caf

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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    Cakkiois!yehwi|shthis htb awi| >> stydiets ei`|ist ta Khecake Chtx heckydi:0% _isti|e A|ioae Yehwi|shtx `layt 37 fhkis i`st he Faefaytb htb 4+8 gykk&

    thfi stydiets%4 gykk&thfi

    stydiets%

    3% _hkk`fitti Yehwi|shtx layt 94 fhkis i`st he tbi c`~htak ag tbi st`ti S`kif htb

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    Tbi syljict ~|a~i|tx hs kac`tid he e i`shkx `ccisshlki+ ikk mi~t eihobla|baad% Katist sca|is `ed |`theos g|af kac`k scbaaks `|i tbi aekx f`ja| d|` l`cms% Tbi|i sbaykdli khfhtid f`|mit`lhkhtx hssyis bhcb sbaykd f`mi ht ` ikk |icihwid kac`thae ga| f`ex%

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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    Shti Disc|h~thae

    S~xok`ss \hdoi hs kac`tid ae ta shtis+ 39 `ed 399> SI B`|la| D|hwi he Khecake Chtx%Tbi ~`|cik eyfli|s ga| tbi ta shtis `|i A\

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    !SAY\CI: Khecake Cayetx Di~t% ag ^k`eeheo `ed Diwika~fiet

    Tbi|i `|i 0> lyhkdheos bhcb heckydi 2 baysheo+ 0 caffyehtx lyhkdheo `ed 0 t|`sbcaf~`cta|!sta|`oi lyhkdheo `|i s~|i`d awi| 07%92 `c|is% I`cb baysheo st|ycty|i b`s

    0> yehts he ihtbi| ` < a| 3 sta|x st|ycty|i% Tbi|i i|i 07> ~`|mheos s~`cis+ baiwi|tbhs b`s liie |idycid dyi ta tbi |icxckheo laris t`mheo fykth~ki kac`thaes%

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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    \icxckheo Lhes he ^`|mheo S~`cis

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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    Ysheo tbi GkaadSf`|t%oaw ilshti+ latb ~|a~i|this b`wi liie ` f`|mid `s ka |hsm ga|gkaad iwie dy|heo ` Tsye`fh% Ga| ` Tsye`fh tbi chtx ~|awhdis tbi eiciss`|x `|eheos`ed tbi ei`|ist sbikti| hs kiss tb`e < lkacms ``x `t tbi kac`k bhob scbaak% Tbi~|a~i|tx hs kac`tid ae bhob o|ayed `ed hs caeshdi|id ` s`gi kac`thae dy|heo ` Tsye`fh%

    !SAY\CI: Khecake Chtx

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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    Tbi ti||`he b`s liie kiwikid ayt ga| tbi baysheo tb`t irhsts tbi|i `s ht hs e`ty|`kkx ` bhkkxti||`he% Sheci tbi shti `k|i`dx irhst ed ea `ddhthae`k yehts hkk li ~k`cid `t tbi kac`thae+tbi|i hkk li ea `ddhthae`k casts `tt|hlytid ta kiwikheo tbi k`ed ga| lyhkd ayt+ f`mi `cb`eoi ta `ex cy||iet ythkhtx cciss+ a| ` eiid ta cb`eoi irhstheo zaeheo% Tbi ~|a~i|tx

    b`s ea diid |ist|hcthaes `t tbhs thfi%

    Tbi|i `|i ea `dwi|si irti|e`khthis `s tbi ~|a~i|tx hs kac`tid ` g`| dhst`eci g|af tbif`ja| bhob`x `ed b`s ea |`hk|a`ds+ bhob wakt`oi kheis a| atbi| eahsi oiei|`ta|s `|ayedht%

    @ g h| `fayet ag tbi k`ed sy||ayedheo tbi ~|a~i|tx hs ga|ist khmi he e`ty|i% Tbi|i `|i gibafis tb`t `lyt tbi ~|a~i|tx `ed ` sicthae ag tbi kac`k bhob scbaak hs kac`tid ae tbisaytb ied ag tbi ~|a~i|tx+ tbayob ht hs eat tbi iet|x `x he ta tbi bhob scbaak+ `edtbi|ilx dais eat c`ysi fycb t|`gghc a| eahsi hssyis ta tbi ~|a~i|tx%

    !SAY\CI: OaaokiF`~s

    @i|h`k Whi ag S~xok`ss \hdoi

    F`|mit @e`kxshs ga| S~xok`ss \hdoi! ! ! ! ! ! ^`oi

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    !SAY\CI: OaaokiF`~s

    @ddhthae`k shti `e`kxshs hkk eat eiid ta li daei `s tbhs hs `e `k|i`dx ist`lkhsbid shti...

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