Be Informed About Mamtek

Be Informed About Mamtek

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Another Moberly Citizen

United States

#1 Jun 27, 2012
I am posting this here instead of just the "Mayor Riley" thread because it really has to do with the whole Mamtek issue.

I am proud to be a Moberly citizen and American with a right to voice my opinion. I am willing to listen to any opinion of others and glad they have a right to their opinion. I am ASHAMED of anyone in this town who would wish death upon anyone... speak about bad karma... or anything like that. It makes YOU look like the most immature, irrational individual of them all.

I do believe that Moberly leaders made mistakes... some of them have admitted that openly. But I have read literally ALL of the available information about Mamtek and believe that I might have fallen into the same trap as they if I had been in the same shoes. It is obvious that almost every negative comment on here has a grain of truth in it but also a lot of misassumption and gossip.

If you REALLY want to get to know what happened and who bears some of the blame, read the documents! Read the findings of the head of the investigative team headed by Jay Barnes.

http://barnesformissouri.com/ ...

"Did Moberly make mistakes? Absolutely. They committed too much money too quickly. But itís hard to blame them. They heard the promise of 600 jobs from DED and were told they had to move forward quickly. As a community of just 12,000 people they knew they didnít have the resources to investigate the validity of Mamtekís business model so they did the prudent thing: they hired experts to conduct due diligence and advise them that this was a good move for the city. Those experts didnít do their jobs."

"The NYT article cites to Standard & Poorís decision to downgrade the debt. But it was Standard & Poorís that rated the Mamtek bonds as investment grade material. Without S&Pís stamp of approval, the city would have never approved the bonds. Two years later, S&P and others say the bonds were backed solely on the credit of the city of Moberly. Our investigation revealed something else."

"Now, nearly a year after the deal went bust for good, the people of Moberly find themselves being maligned in the august pages of the New York Times by guys like Matt Fabian, who Iím sure is smarter than you and I put together and a nice guy if you get to know him, but who also spouts off without knowing the actual facts of a situation. His analysis is no better than the drive-by due diligence and rating efforts put forth by the bond underwriter and Standard & Poorís."

PLEASE do not fall into the same category as Fabian and be someone who just "spouts off without knowing the actual facts."
Anonymous

Moberly, MO

#2 Jun 27, 2012
well said
Patti

Independence, MO

#3 Jun 27, 2012
Its the dishonesty of some our leaders that I think will bring them bad karma on themeselves.

This is what I pulled from the article/report you suggested:

"Did Moberly make mistakes? Absolutely. They committed too much money too quickly. "

My question to you? Have you read the article by Moberly Mirror? They could not verify this plant and operation and they warned the City Council. RED FLAG. For warning the City Government, she was told shutup.

Did they take that article back to these other entities and say "Hey, this lady investigated and could not find this plant or information" Did Moberly divulge her article to DED or anyone else and question why nothing could be found before they signed on the dottee line?

No, they kept it under raps, tried to shut her up and IGNORED THE INFORMATION THAT SHE GAVE THEM!

It does not matter about other enitities because Riley had the Mirror's investigation and knew something was wrong---before he gave away our Money. He owed to the Moberly people to stop, put things on hold and MAKE SURE all was legit.

This is a sincere question to you....Since you have seen all of or most of the documentation....

1. was this Moberly Mirror article sounding the alarm EVER ADMITTED into evidence at the hearing?
2. Did Riley ever show this article to DED or other Government Official and say, Hey? What with this plant not being verified?

If Riley went to China and did not actually see a plant in production---then he did not do his due diligence as a leader, investor or Mayor of this town.

We cannot blindly listen to others, we have to make good, sound deals-especially when the money is not yous!
Patti

Independence, MO

#4 Jun 27, 2012
Lets have a fair comparison of the Authors CREDENTIALS of those that ANOTHER MOBERLY CITIZEN is trying to compare..

Guy#1 is an Attorney in Jeff City
Guy#2 is a board member for the National Federation of Municipal Analysts HE DOES ANALYSIS ON MUNICIPALITIES

MOBERLY IS A MUNICIPALITY!!!

Fairly new Attorney and Mo State Rep of 1 (2yr)term
OR
18 Years experience in Municipalities and current chair of the Municipal Analysts Group of New York

The article in the above post was written by Jay Barnes
FIRST YEAR MO REPRESENTATVE----------

Rep. Jay Barnes, a Republican, represents Cole County (District 114) in the Missouri House of Representatives. He was elected to his first two-year term in November 2010.

In addition to his legislative duties, Rep. Barnes is an attorney with Barnes and Associates. He previously worked as general counsel to Missouri Senate President Pro Tem Michael Gibbons and as a policy counsel and speechwriter for Governor Matt Blunt.

Rep. Barnes is a member of Immaculate Conception Church in Jefferson City. He is a member of the Chamber of Commerce, Jefferson City Young Professionals, the Missouri Bar Association, the Jefferson City Association of Realtors, and Farm Bureau.

Rep. Barnes is a 1998 graduate of Helias High School. He received his bachelorís degree and his Juris Doctorate from the University of Missouri - Columbia.

Matt Fabian
*******MARKET ANALYSIS 18 YEARS EXPERIENCE**********
a board member for the National Federation of Municipal Analysts

Managing Director

Municipal Market Advisors

Matt Fabian is a Managing Director at Municipal Market Advisors, an independent research and strategy firm based in Concord, Massachusetts. Formerly the lead municipal analyst for UBS Wealth Management Research, Mr. Fabian has 18 years of experience as a credit analyst and market strategist, with prior positions at Moodyís and FSA. He is the current chair of the Municipal Analysts Group of New York, a board member for the National Federation of Municipal Analysts, and a contributing editor for the Municipal Finance Journal. He has testified before Congress on the topic of state bankruptcy and is frequently quoted in the media on municipal-related topics. Mr. Fabian writes MMA's Weekly Outlook, a generalist-oriented review of the municipal market. He has a Master of Public Administration degree from the Maxwell School of Citizenship and Public Affairs at Syracuse University and a Bachelor of Arts degree in Political Science from Penn State.

YEP--Think I will listen to Mr.Fabian's independent analysis over THIS new Rep. from Missouri. Period!
Another Moberly Citizen

United States

#5 Jun 27, 2012
I did definitely read the article, and I know it was discussed at the hearings. I do not remember reading anywhere in the papers where it became "evidence." The committee did draw attention to the articles and praise the editor for her investigative work. I don't know enough about the situation with Moberly telling business owners not to buy the paper, etc. It has all been gossip, and I tend to ignore that. What I am confident of is that Moberly felt they had properly vetted this company by hiring private contractors to do the leg work.

Believe me that I never "blindly listen to others"... and I do not believe that our leadership did that either. The guys I personally know are very intelligent men, and it is the COMMON, NORMAL way for small towns like ours to outsource the due diligence issues to private contractors. In this case, they did not do their job. One of these guys in fact said that he had been there and seen the company in operation... that he had held the Sucralose in his hands!

Am I saying nobody in our leadership is responsible for any of this? No. What I am saying is that it was a collective failure of many individuals.
Patti

Independence, MO

#6 Jun 27, 2012
I don't know AMC....there were just too many RED FLAGS.

Outsourcing investigations and document research, YES.

But our Mayor and Council still needed to take that research and give it a good look over and ask for the ananswered questions to be answered.

A Red Flag had been raised by The Mirror and I am unsure of why someone would say that they were there- when they could not of been because the place did not exist.

That contractor needs to have his lisencse pulled for being dishonest.

Hence, the collective responsibility.

Yes, the ones I know I think are intelligent, however, it seems in this case, that any business deal of this magnitude done in 17 days, AND BEING PUSHED by the other party to go hurry up and close the deal....someone should of had an odd feeling.

Besides, if Riley and Morris went all the way to China on Moberly's dime.....it was their responsibility to ensure there was an operating plant. It just was.

That trip to China negates any comment from a contractor about holding something in his hand. As EMPLOYEES, it was Riley's and Morris's job to view that factory while over in China. There is no excuse.

I have traveled out of the States many times, and I assure you, if you pay someone, you find someone to take you anywhere you want to go. They could of even asked at the Embassy.

Heck, some countries don't even care if you have a license from their country or an international one, so I have rented and driven abroad MYSLEF!

These men got duped because of their inexperience and lack of knowledge. But, they took on the responsibility and now, they should be held accountable. Riley needs to step down.

There is no excuse for two of Moberly's Officials to go over to China and NOT see a working facility.

I will contact Jeff City and the Committee and ask about that article being part of the trial.

RILEY NEEDS TO STEP DOWN!
NewMoTownCiv

Columbia, MO

#7 Jun 28, 2012
Another Moberly Citizen,

I greatly respect your insight on this. But, this is an issue that must not "be swept under the rug." Now, I don't discredit Moberly for making mistakes, we all do it and nobody is perfect. Patti brings up multiple points about the investigation by other sources that should of brought up a red flag.

This Mamtek failure is huge for multiple reasons:
1. A multi-million dollar deal was signed in under 79 days, with little research. This is a MULTI-MILLION dollar mistake.
2. The "promise" of 600 jobs by any company cannot be validated. Economies changes, market conditions move, etc.
3. The Mirror did their own investigation and found out there was no plant in China. As soon as that happened they were silenced.
4. The City of Moberly gambled away TAX DOLLAR at the expense of you, with no vote or consent.
5. The money has to be paid back...no ands, ifs, or buts. The money will come from the tax payers, they will not have a choice.
Patti

Overland Park, KS

#8 Jun 28, 2012
NewMoTownCiv wrote:
Another Moberly Citizen,
I greatly respect your insight on this. But, this is an issue that must not "be swept under the rug." Now, I don't discredit Moberly for making mistakes, we all do it and nobody is perfect. Patti brings up multiple points about the investigation by other sources that should of brought up a red flag.
This Mamtek failure is huge for multiple reasons:
1. A multi-million dollar deal was signed in under 79 days, with little research. This is a MULTI-MILLION dollar mistake.
2. The "promise" of 600 jobs by any company cannot be validated. Economies changes, market conditions move, etc.
3. The Mirror did their own investigation and found out there was no plant in China. As soon as that happened they were silenced.
4. The City of Moberly gambled away TAX DOLLAR at the expense of you, with no vote or consent.
5. The money has to be paid back...no ands, ifs, or buts. The money will come from the tax payers, they will not have a choice.
Valid and well-written points.

WHAT ABOUT RILEY AND MORRIS GOING OVER TO CHINA AND NEVER VISITING A WORKING FACTORY SITE THAT MAMTEK CLAIMED TO HAVE!!

To me, that is the MOST IRRESPONSIBLE thing that they did! Besides let a multi-milion deal get pushed thru in 17 days! You cannot get a house closed on that quickly!

How can you be so close and not visit a production facility? Amazes me!
The Players

Overland Park, KS

#9 Jun 28, 2012
Another Moberly Citizen wrote:
I did definitely read the article, and I know it was discussed at the hearings. I do not remember reading anywhere in the papers where it became "evidence." The committee did draw attention to the articles and praise the editor for her investigative work. I don't know enough about the situation with Moberly telling business owners not to buy the paper, etc. It has all been gossip, and I tend to ignore that. What I am confident of is that Moberly felt they had properly vetted this company by hiring private contractors to do the leg work.
Believe me that I never "blindly listen to others"... and I do not believe that our leadership did that either. The guys I personally know are very intelligent men, and it is the COMMON, NORMAL way for small towns like ours to outsource the due diligence issues to private contractors. In this case, they did not do their job. One of these guys in fact said that he had been there and seen the company in operation... that he had held the Sucralose in his hands!
Am I saying nobody in our leadership is responsible for any of this? No. What I am saying is that it was a collective failure of many individuals.
Notice the ties, who profits, who was making decision:

Mayor Bob RILEY
City Manager Andrew Morris
Corey Mehaffy, executive director/president Moberly Area Economic Development Corporation (MAEDC)
Dennis McKeown
J. Kevin Hall, member Moberly Planning and Zoning Commission
Robert Shane Adrian, member moberly Planning and Zoning Commission
Arthur Robert (Bobbie) RILEY, Jr., board member Moberly Industrial Authority (group that receives bond funds, see Promises for them)
Barb RILEY, board member, Moberly Area Chamber of Commerce
Debbie Miller, executive director, Moberly Chamber of Commerce, member board of directors MAEDC

This looks fishy to me....I agree, Riley needs to step down, where is the ETHICS COMMITTEE?
Bambi

Overland Park, KS

#10 Jun 28, 2012
Another Moberly Citizen wrote:
I am posting this here instead of just the "Mayor Riley" thread because it really has to do with the whole Mamtek issue.
I am proud to be a Moberly citizen and American with a right to voice my opinion. I am willing to listen to any opinion of others and glad they have a right to their opinion. I am ASHAMED of anyone in this town who would wish death upon anyone... speak about bad karma... or anything like that. It makes YOU look like the most immature, irrational individual of them all.
I do believe that Moberly leaders made mistakes... some of them have admitted that openly. But I have read literally ALL of the available information about Mamtek and believe that I might have fallen into the same trap as they if I had been in the same shoes. It is obvious that almost every negative comment on here has a grain of truth in it but also a lot of misassumption and gossip.
If you REALLY want to get to know what happened and who bears some of the blame, read the documents! Read the findings of the head of the investigative team headed by Jay Barnes.
http://barnesformissouri.com/ ...
"Did Moberly make mistakes? Absolutely. They committed too much money too quickly. But itís hard to blame them. They heard the promise of 600 jobs from DED and were told they had to move forward quickly. As a community of just 12,000 people they knew they didnít have the resources to investigate the validity of Mamtekís business model so they did the prudent thing: they hired experts to conduct due diligence and advise them that this was a good move for the city. Those experts didnít do their jobs."
"The NYT article cites to Standard & Poorís decision to downgrade the debt. But it was Standard & Poorís that rated the Mamtek bonds as investment grade material. Without S&Pís stamp of approval, the city would have never approved the bonds. Two years later, S&P and others say the bonds were backed solely on the credit of the city of Moberly. Our investigation revealed something else."
"Now, nearly a year after the deal went bust for good, the people of Moberly find themselves being maligned in the august pages of the New York Times by guys like Matt Fabian, who Iím sure is smarter than you and I put together and a nice guy if you get to know him, but who also spouts off without knowing the actual facts of a situation. His analysis is no better than the drive-by due diligence and rating efforts put forth by the bond underwriter and Standard & Poorís."
PLEASE do not fall into the same category as Fabian and be someone who just "spouts off without knowing the actual facts."
Looks like you started the post but other people are doing the "informing". Maybe you should of done your homework.

This post is exactly what is wrong with Moberly --people, Mayor Riley, only showing one side and only what benefits them.

Riley does need to step down! Please!
Be informed

Overland Park, KS

#11 Jun 28, 2012
Mayor Bob RILEY
City Manager Andrew Morris
Corey Mehaffy, executive director/president Moberly Area Economic Development Corporation (MAEDC)
Dennis McKeown
J. Kevin Hall, member Moberly Planning and Zoning Commission
Robert Shane Adrian, member moberly Planning and Zoning Commission
Arthur Robert (Bobbie) RILEY, Jr., board member Moberly Industrial Authority (group that receives bond funds, see Promises for them)
Barb RILEY, board member, Moberly Area Chamber of Commerce
Debbie Miller, executive director, Moberly Chamber of Commerce, member board of directors MAEDC
What NAME appears on here the most oftern, as our City goes down the tubes?
Another Moberly Citizen

United States

#12 Jul 4, 2012
The only reason that I have not replied to any other comments is because I did not intend to debate with every single thing that is said on here. I don't get on Topix every second of free time... I have a life and family. I have a job where I help people almost every second of my day.

As I said, you can rant all you want. But it is only activity outside of cyberspace (in the "real world") that will produce results. I am active in campaigning (real world activity) right now for several conservative candidates so that the trends in our nation can be reversed.

Maybe instead of ranting on here, you could start getting involved in some positive action in our community to make it a better place. Then maybe your family name would be well-known throughout the town and in its various organizations. I think I have made it clear that I do NOT agree or support every decision the city leaders made the past few years. However, I am a person that always thinks the best of someone instead of the worst. I have been given second... third... fourth chances to make it where I am today. When it comes time to elect new leaders, if I don't like them I will campaign to replace them. That's what you should be doing as well.
Patti

Overland Park, KS

#13 Jul 4, 2012
Another Moberly Citizen wrote:
The only reason that I have not replied to any other comments is because I did not intend to debate with every single thing that is said on here. I don't get on Topix every second of free time... I have a life and family. I have a job where I help people almost every second of my day.
As I said, you can rant all you want. But it is only activity outside of cyberspace (in the "real world") that will produce results. I am active in campaigning (real world activity) right now for several conservative candidates so that the trends in our nation can be reversed.
Maybe instead of ranting on here, you could start getting involved in some positive action in our community to make it a better place. Then maybe your family name would be well-known throughout the town and in its various organizations. I think I have made it clear that I do NOT agree or support every decision the city leaders made the past few years. However, I am a person that always thinks the best of someone instead of the worst. I have been given second... third... fourth chances to make it where I am today. When it comes time to elect new leaders, if I don't like them I will campaign to replace them. That's what you should be doing as well.
This site is part of campaigning. Facebook, etc are all forms of media that are used to campaign, even though you call it complaining.

May I ask when the last time you contacted the Governor, Senator or Representative, US President, Senator or trotted your butt down to Jefferson City or visited your Senator in Washington DC? I am very active and worked with/called on all of these above in one way or another.

Do you even know the difference between a Senator and a Representative?

I do not need you to tell me how I should be doing things. Believe me, I have done it all and have probably been involved on a larger scale than you can imagine. Been there, done that.

Again, I know what I am doing and do not need your advice on what I SHOULD be doing or how to conduct business.
NewMoTownCiv

Columbia, MO

#14 Jul 10, 2012
Another Moberly Citizen,

I understand the fact you are trying to "brighten" up this Mamtek situation. But, there is nothing good about it. Millions of dollars lost via the tax payers is never good.

The purpose of these threads is to gather minds and possibly solve some issues. Don't knock the forum for trying to speak out against the corruption.
schmucky

Mexico, MO

#15 Sep 18, 2012
mayor bob riley made the comment ""He was a very personable man ó and still is, I'm sure ó(it was) hard not to join on the bandwagon," Riley said." perhaps mr. riley should not only step down but be held accountable (as well as the rest of city councel) if he/they are going to "join the bandwagon" just because somebody is a smooth talker. sure put this community in a bind and they need to step up to the plate. don't think for a minute tax payers won't be paying for this fiasco. thanks alot guys.

Read more: http://www.beaumontenterprise.com/news/articl ...
schmucky

Mexico, MO

#16 Sep 18, 2012
it's a matter of competence at hand if anything.
Informed

Sedalia, MO

#18 Sep 22, 2012
I would like for a Moberly Taxpayer to post how much money they have paid out of thier pocket for the Mamteck situation. I guess these people that sit and do nothing to help the community, but scrutinize should get off thier ass and volunteer for any number of boards and committiees instead of reying on a few as listed in posts above. Maybe those who are VOLUNTEERING to work on committees and boards should just say "screw you" to those who need jobs or better jobs. Most of them have good jobs and could really just say FU to those who need emplyement.

Better yet, show up at one of these PUBLIC meetings and gowe some balls and say these inflamotory things in person instead of being a keyboard commando.
Patti

United States

#19 Sep 22, 2012
Informed wrote:
I would like for a Moberly Taxpayer to post how much money they have paid out of thier pocket for the Mamteck situation. I guess these people that sit and do nothing to help the community, but scrutinize should get off thier ass and volunteer for any number of boards and committiees instead of reying on a few as listed in posts above. Maybe those who are VOLUNTEERING to work on committees and boards should just say "screw you" to those who need jobs or better jobs. Most of them have good jobs and could really just say FU to those who need emplyement.
Better yet, show up at one of these PUBLIC meetings and gowe some balls and say these inflamotory things in person instead of being a keyboard commando.
First of all, the City Council and Mayor run for Office and are elected into their position. They get paid. They are not volunteers! Even volunteers on Boards and Committees are to adhere to laws and State statutes! They are legallly bound and can be held accountable if they do not adhere to the law.

Second, I am or have been on many Community Boards/Committees in the past. I knew that I could be legally liable for my votes, descisions and the money spent. I was very careful to have expenditures approved and signed off on. I was very careful to vote for the right of everyone and just not how everyone else voted or for my own personal gain.

What "inflamotory" things are people saying? Because I assure you, I have legal backup for ALL of my claims. If I am mistaken, then show me the facts and I will be glad to admit that I am wrong and retract whatever I have stated that is false.

I have also shown up to the City Council Meetings, lobbyed in Jeff City, written the Governor and my Reps and Sen. Have you? Doubt it.

So while I am unsure of what you comment "gowe some balls" means, let me assure you, I will be in Jeff City on Monday at the Capitol and the Federal Court House on Tueday in St.Louis. I am pretty sure that I will put my money, time and effort where my mouth is.

So I must ask, who is the "keyboard commando" now?

Oh, I almost forgot, I do not know who Moberly taxpayer is but let me tell you, this mess will raise our property taxes. Maybe you don't own a home but most of us do and we will be paying for this mistake. You may not understand what money is paying out of our pockets, but homeowners are paying. Our tax dollars pay for goods and services, which will be cut. If your roads aren't cleaned off this winter, its because there is not money to pay the street workers because the City is making payments on a LOAN that was taken out without US TAXPAYERS voting on it.

Thats ok, I bet Dept of Econ Development will just have a Christmas dinner at Lucky's on the taxpayer's dime and the Mayor and his office will too. Now, the City workers? Bet THEY will get shorted.
yepper from moberly

Kansas City, MO

#20 Sep 22, 2012
Patti wrote:
<quoted text>
First of all, the City Council and Mayor run for Office and are elected into their position. They get paid. They are not volunteers! Even volunteers on Boards and Committees are to adhere to laws and State statutes! They are legallly bound and can be held accountable if they do not adhere to the law.
Second, I am or have been on many Community Boards/Committees in the past. I knew that I could be legally liable for my votes, descisions and the money spent. I was very careful to have expenditures approved and signed off on. I was very careful to vote for the right of everyone and just not how everyone else voted or for my own personal gain.
What "inflamotory" things are people saying? Because I assure you, I have legal backup for ALL of my claims. If I am mistaken, then show me the facts and I will be glad to admit that I am wrong and retract whatever I have stated that is false.
I have also shown up to the City Council Meetings, lobbyed in Jeff City, written the Governor and my Reps and Sen. Have you? Doubt it.
So while I am unsure of what you comment "gowe some balls" means, let me assure you, I will be in Jeff City on Monday at the Capitol and the Federal Court House on Tueday in St.Louis. I am pretty sure that I will put my money, time and effort where my mouth is.
So I must ask, who is the "keyboard commando" now?
Oh, I almost forgot, I do not know who Moberly taxpayer is but let me tell you, this mess will raise our property taxes. Maybe you don't own a home but most of us do and we will be paying for this mistake. You may not understand what money is paying out of our pockets, but homeowners are paying. Our tax dollars pay for goods and services, which will be cut. If your roads aren't cleaned off this winter, its because there is not money to pay the street workers because the City is making payments on a LOAN that was taken out without US TAXPAYERS voting on it.
Thats ok, I bet Dept of Econ Development will just have a Christmas dinner at Lucky's on the taxpayer's dime and the Mayor and his office will too. Now, the City workers? Bet THEY will get shorted.
You are partly right about being elected,the people elect the council and the council elects the mayor. And yes they do get paid maybe 10 or 20 dollars a year.
Ex Hayes supporter

United States

#21 Sep 23, 2012
Your City Council, Mayor and Public school Board, all ask for and run for their position.

They ask to be a part of the process and ASK to have the position. So, if they do not do a good job or are acting illegally and irresponsibly, If they do not perform the due dilligence that they are to perform BY LAW, then so be it---hold them accountable.

I did not ask them to run. They wanted the position.

They knew what it paid or did not pay. And, they still ran for the position.

Now, when they behave professionally, I thank them for their service. But in this case, they get no Thanks.

Yes, the Council elects the Mayor. The Council can also vote him out as Mayor. Get his face out of the paper and off our Town's name. Don't they know that if they took him off as Mayor and elected another one, that people would be more willing to help Moberly.

No one has any respect for a town that has a Mayor that openly says " I thought he was a nice guy"......Do you know how stupid that made us look? Why do they let him be interviewed or qouted. The people I talked to were stunned that he would say that. Stunned that his excuse would be so lame. Stunned, stunned, stunned. Of course, after a few cold ones, it was the "comment of the evening". Too funny!

They are walking up to each other saying "can I have the keys to your house, I am a really nice guy" "Can I have be put on your 401K, I am a really nice guy" "Can loan me your life savings, I am a really nice guy". Lawyers/business people with a few drinks, I bet were having a good time!

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