Loading...
2020-02 minutes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¶VUHSRUWQRQH E9LFHFKDLU¶VUHSRUW1HZ+5&WVKLUWVDUHLQDQGZLOOEHEURXJKWWRWKH0DUFK PHHWLQJIRUQHZFRPPLVVLRQHUV F6HFUHWDU\¶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pLQ6W3DXO6WXUVDQRWHGWKDWWKH01SULPDU\HOHFWLRQLV 0DUFK2VWHQGRUIPHQWLRQHGWKDWWKHUHZDVDFRQYHUVDWLRQDWDQ5'$3 PHHWLQJUHJDUGLQJWKHIDFWWKDWWKH'HSDUWPHQWRI+HDOWKGRHVZHOIDUHFKHFNVLQ DGGLWLRQWRWKHSROLFHGHSW7KHUHPD\EHVRPHWKLQJWKH+5&FDQGRWRUDLVH DZDUHQHVV6KHZLOONHHSWKH+5&XSGDWHGDVWKDWFRQYHUVDWLRQSURJUHVVHV 1H[WPHHWLQJ0DUFKSP 0RWLRQIRUDGMRXUQPHQW7KRPSVRQVHFRQGHG(DVWOXQGPRWLRQFDUULHG0HHWLQJ DGMRXUQHGDWSP 6XEPLWWHGE\7RGG'LHGH