No plano de recuperção da OI, Pharol dá a garantia

Por TeleSintese

A Oi protocou na noite de ontem, na Justiça e na CVM, o plano de recuperação que será votado na assembleia geral de credores marcada para ocorrer em 7 de dezembro. Também publicou o termo de apoio ao plano (PSA, na sigla em inglês). O plano prevê a venda de ativos e aumento de capital para obter dinheiro novo, e praticamente não traz mudanças em relação ao que foi apresentado em outubro.

Ficou claro

Quem optar por aceitar trocar dívida por ações da companhia vai receber juros anuais e o principal será pago a partir do décimo ano. A ideia é reduzir até R$ 32,3 bilhões do endividamento a apenas R$ 5,8 bilhões. Nada novo, exceto que agora o plano diz, claramente, que os credores terão como garantia ações detidas pela Pharol, hoje, o maior acionista individual da operadora, com pouco mais de 22% do capital social.

“As Novas Notes serão integralmente garantidas pelo penhor sobre 89.651.205 (oitenta e nove milhões, seiscentas e cinquenta e uma mil, duzentas e cinco) ações ordinárias de emissão da Pharol, SGPS S.A. e detidas indiretamente pela Oi”, informa o documento. O montante equivale a 13,4% das ações ON da Oi.

O plano de recuperação prevê que empresas do grupo serão incorporadas umas às outras. A Copart 5 será fundida à Telemar, e a Copart 5 à Oi. Ambas são veículos de emissão de dívida, e os títulos dos credores passarão às outras empresas do grupo.

Aumento de capital

Os credores parceiros, aqueles que optarem por receber debêntures novas e também aportar dinheiro novo na Oi, poderão colocar entre R$ 3,5 bilhões e R$ 5,5 bilhões. Ao fim das contas, o aumento de capital ficará entre R$ 7,1 bilhões e R$ 11,15 bilhões, somando-se o dinheiro novo e o desconto da dívida desses casos.

Aqui também há uma novidade. A Oi vai pagar 14% de prêmio ao investidor que se comprometer, e de fato aportar, dinheiro no aumento de capital logo após a homologação do plano na Justiça. Depois, pagará 8% ao ano. Antes, em todos os casos, o prêmio não passava de 8%.

Além da conversão de dívida com aumento de capital, a Oi prevê a realização de um aumento de capital adicional, na ordem de R$ 2,5 bilhões, entre seis meses depois do aporte dos credores parceiros, ou dois anos após a homologação do plano de recuperação pela Justiça – exatamente a data prevista para a saída da operadora da recuperação judicial – caso todas as obrigações previstas sejam satisfeitas.

Não mudou nada

O plano mantém as mesmas condições que já eram previstas para os credores classe 2, formada por bancos públicos (como BNDES). Prazo de 15 anos para quitação da dívida, com seis anos de carência para a amortização. O principal deverá ser pago em 18 parcelas semestrais.

O crédito trabalhista Fundação Atlântico será pago nas seguintes condições: período de carência de amortização de principal de cinco anos, contados a partir da data da Homologação Judicial do Plano. Amortização do principal em 6 (seis) parcelas anuais e sucessivas, vencendo-se a primeira no último dia útil do prazo de carência.

Para os quirografários que tiverem até R$ 1 mil a receber, os valores serão depositados 20 dias depois que o plano de recuperação for homologado pela Justiça. Valores maiores passarão por deságio de 15% (dívida de até R$ 5 mil) a 50% (valores acima de R$ 150 mil).

Os quirografários poderão escolher como querem ser tratados na recuperação. A opção mais simples prevê o recebimento de até US$ 500 milhões. Nesse caso, o credor abre mão de 50% do valor da dívida. O pagamento acontecerá de modo parcelado, e começa a ser pago após seis anos de carência.

Outra modalidade de adesão ao plano sem conversão de dívida em ações da companhia se destina a detentores de dívida de ao menos US$ 1,5 milhão. Nada muda em relação ao plano apresentado em outubro pela companhia.

A Oi pretende também emitir R$ 3 bilhões em debêntures conversíveis (com a garantia das ações da Pharol), que começam a ser pagas a partir do décimo ano, se não convertidas. Equivalem ao limite de 15% do capital da Oi. Cada papel poderá ser transformado em 39 ações ordinárias. Outra possibilidade é escolher a debênture conversível de tipo 2, em que um papel representará 75 ações ordinárias. A grande diferença entre ambos é que a tipo 2 paga juros mais baixos.

Anatel e venda de ativos

O pagamento das multas detidas pela Anatel, que somam R$ 13 bilhões, será feito em 240 parcelas (20 anos), sendo a primeira equivalente a 20% do valor total, 60 dias depois da homologação do plano na Justiça. O valor será corrigido pelo IPCA.

No caso de venda de ativos, 70% do valor poderá ser usado para amortizar dívidas, desde que o ativo valha no máximo US$ 200 milhões. A partir do sexto ano após a homologação do plano, a Oi poderá destinar 70% do caixa excedente para pagar os credores.

A operadora pretende vender os seguintes negócios: Unitel (operadora angolana); Brasil Telecom Call Center; Timor Telecom; além de uma série de bens imóveis espalhados pelo Brasil.

O novo plano pode ser visto neste link. Todos os anexos foram colocados para consulta dos credores na CVM e no site de relacionamento com o investidor da Oi.

338 comentários

  1. I just want to tell you that I am just new to weblog and certainly loved your web page. Likely I’m want to bookmark your site . You actually come with very good posts. With thanks for sharing your blog.

  2. Lately, I did not give plenty of consideration to making feedback on blog page articles or blog posts and have placed feedback even much less. Reading through via your enjoyable content, will help me to do so sometimes. merrill lynch online

  3. Greetings from Florida! I’m bored to tears at work so I decided to browse your site on my iphone during lunch break. I enjoy the knowledge you provide here and can’t wait to take a look when I get home. I’m amazed at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyhow, fantastic blog!

  4. Having read this I believed it was extremely informative. I appreciate you spending some time and energy to put this short article together. I once again find myself spending way too much time both reading and posting comments. But so what, it was still worth it.

  5. What i do not understood is if truth be told how you are no longer really a lot more well-favored than you might be right now. You’re very intelligent. You realize thus significantly relating to this topic, made me individually consider it from so many varied angles. Its like men and women don’t seem to be interested until it is something to accomplish with Lady gaga! Your individual stuffs excellent. At all times care for it up!

  6. An intriguing discussion is definitely worth comment. I do believe that you should publish more about this subject matter, it may not be a taboo subject but generally folks don’t discuss such issues. To the next! Kind regards.

  7. A fascinating discussion is definitely worth comment. I do think that you ought to write more about this subject, it may not be a taboo matter but generally folks don’t talk about such topics. To the next! All the best.

  8. Having read this I thought it was really informative. I appreciate you finding the time and effort to put this article together. I once again find myself personally spending a significant amount of time both reading and leaving comments. But so what, it was still worthwhile!

  9. Nice read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch since I found it for him smile So let me rephrase that: Thank you for lunch! “Dreams are real while they last. Can we say more of life” by Henry Havelock Ellis.

  10. Your style is really unique compared to other folks I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just bookmark this page.

  11. Aw, this was an extremely good post. Taking the time and actual effort to make a very good article… but what can I say… I procrastinate a whole lot and don’t seem to get nearly anything done.

  12. I’m very pleased to uncover this site. I need to to thank you for ones time for this particularly wonderful read!! I definitely enjoyed every little bit of it and i also have you bookmarked to check out new stuff on your website.

  13. An impressive share! I have just forwarded this onto a friend who has been conducting a little research on this. And he in fact ordered me breakfast simply because I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to talk about this matter here on your website.

  14. I like the helpful information you provide in your articles. I will bookmark your weblog and check again here frequently. I am quite certain I’ll learn plenty of new stuff right here! Best of luck for the next!

  15. One other important area is that if you are a senior citizen, travel insurance pertaining to pensioners is something that is important to really take into account. The more mature you are, the harder at risk youre for making something terrible happen to you while overseas. If you are never covered by some comprehensive insurance policies, you could have quite a few serious problems. Thanks for sharing your advice on this web blog.

  16. Right here is the perfect web site for anyone who wants to understand this topic. You realize a whole lot its almost hard to argue with you (not that I personally would want to…HaHa). You certainly put a new spin on a subject that’s been discussed for a long time. Wonderful stuff, just wonderful.

  17. The next time I read a blog, Hopefully it doesn’t disappoint me just as much as this particular one. After all, I know it was my choice to read, nonetheless I actually thought you would probably have something helpful to say. All I hear is a bunch of complaining about something that you can fix if you weren’t too busy searching for attention.

  18. I’m more than happy to discover this page. I need to to thank you for your time for this particularly wonderful read!! I definitely savored every part of it and I have you saved as a favorite to check out new stuff in your web site.

  19. After I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I receive four emails with the exact same comment. Is there an easy method you are able to remove me from that service? Many thanks.

  20. I simply want to say I’m all new to weblog and truly enjoyed this blog site. Probably I’m planning to bookmark your site . You surely have very good articles and reviews. Thanks a lot for sharing your web site.

  21. Hi, I do think this is a great website. I stumbledupon it 😉 I will revisit once again since i have bookmarked it. Money and freedom is the best way to change, may you be rich and continue to help others.

  22. One important issue is that when you find yourself searching for a student loan you may find that you will want a cosigner. There are many scenarios where this is true because you might find that you do not have a past history of credit so the loan company will require that you’ve got someone cosign the credit for you. Thanks for your post.

  23. Hello are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any html coding expertise to make your own blog? Any help would be greatly appreciated!

  24. This is really interesting, You’re a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your great post. Also, I have shared your website in my social networks!

  25. Good day! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Thanks!

  26. I haven¡¦t checked in here for some time as I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂

  27. With every thing that appears to be developing within this subject material, many of your opinions happen to be somewhat refreshing. On the other hand, I beg your pardon, but I can not subscribe to your whole suggestion, all be it radical none the less. It seems to everybody that your opinions are generally not completely justified and in fact you are yourself not even totally certain of your argument. In any event I did enjoy examining it.

  28. After checking out a handful of the blog articles on your web page, I seriously appreciate your technique of blogging. I added it to my bookmark website list and will be checking back in the near future. Please visit my web site as well and tell me how you feel.

  29. Excellent post. I was checking constantly this blog and I’m impressed! Very helpful information specially the last part 🙂 I care for such info a lot. I was looking for this certain info for a very long time. Thank you and good luck.

  30. of course like your web site however you have to take a look at the spelling on quite a few of your posts. A number of them are rife with spelling issues and I in finding it very troublesome to tell the truth nevertheless I’ll surely come again again.

  31. A large percentage of of whatever you claim happens to be supprisingly legitimate and that makes me wonder the reason why I hadn’t looked at this in this light previously. Your piece really did switch the light on for me as far as this specific topic goes. However there is actually just one point I am not necessarily too comfortable with and whilst I attempt to reconcile that with the actual core idea of the point, let me observe what the rest of the subscribers have to point out.Nicely done.

  32. What i do not understood is in truth how you are now not actually a lot more neatly-preferred than you might be now. You’re so intelligent. You realize thus significantly on the subject of this matter, made me in my view consider it from so many varied angles. Its like men and women aren’t involved except it’s something to do with Girl gaga! Your personal stuffs excellent. All the time handle it up!

  33. I like the helpful info you provide in your articles. I will bookmark your blog and check again here frequently. I’m quite certain I’ll learn many new stuff right here! Good luck for the next!

  34. Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently fast.

  35. What’s Going down i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads. I hope to give a contribution & aid different customers like its helped me. Great job.

  36. Hello my family member! I want to say that this article is awesome, nice written and come with approximately all important infos. I would like to see more posts like this.

  37. What i do not understood is actually how you’re not really much more neatly-favored than you might be now. You are so intelligent. You know therefore significantly relating to this matter, produced me in my view imagine it from so many numerous angles. Its like women and men are not interested except it is something to accomplish with Woman gaga! Your personal stuffs great. At all times deal with it up!

  38. Thank you for every other excellent article. The place else may just anyone get that kind of info in such a perfect way of writing? I have a presentation next week, and I am at the look for such information.

  39. Very nice post and right to the point. I am not sure if this is actually the best place to ask but do you people have any ideea where to employ some professional writers? Thanks 🙂

  40. What’s Happening i am new to this, I stumbled upon this I’ve found It positively helpful and it has helped me out loads. I hope to contribute & help other users like its helped me. Great job.

  41. Pretty element of content. I just stumbled upon your weblog and in accession capital to say that I get in fact enjoyed account your blog posts. Anyway I’ll be subscribing in your feeds and even I fulfillment you access constantly quickly.

  42. 6nL9qN Wow! This could be one particular of the most useful blogs We ave ever arrive across on this subject. Basically Excellent. I am also an expert in this topic so I can understand your effort.

  43. Thanks for expressing your ideas. Something is that pupils have a selection between national student loan plus a private education loan where it’s easier to choose student loan consolidating debts than in the federal education loan.

  44. I do not even understand how I finished up here, but I thought this put up used to be good. I do not realize who you’re however definitely you are going to a well-known blogger for those who aren’t already 😉 Cheers!

  45. Having read this I thought it was really enlightening. I appreciate you spending some time and energy to put this content together. I once again find myself spending a significant amount of time both reading and leaving comments. But so what, it was still worthwhile!

  46. The very next time I read a blog, I hope that it doesn’t disappoint me just as much as this one. I mean, Yes, it was my choice to read through, but I truly thought you would have something interesting to say. All I hear is a bunch of whining about something that you could possibly fix if you were not too busy searching for attention.

  47. An impressive share! I’ve just forwarded this onto a friend who has been conducting a little homework on this. And he in fact bought me breakfast because I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to discuss this subject here on your website.

  48. Another issue is that video gaming became one of the all-time largest forms of excitement for people of nearly every age. Kids play video games, plus adults do, too. Your XBox 360 is among the favorite gaming systems for many who love to have a lot of games available to them, as well as who like to relax and play live with other folks all over the world. Thank you for sharing your notions.

  49. Hi there, just became alert to your blog through Google, and found that it is truly informative.
    I am gonna watch out for brussels. I will appreciate if you continue this in future.

    Lots of people will be benefited from your writing.
    Cheers!

  50. I truly love your blog.. Very nice colors & theme. Did you develop this amazing site yourself? Please reply back as I’m attempting to create my very own blog and would like to learn where you got this from or exactly what the theme is called. Thank you.

  51. What’s Happening i am new to this, I stumbled upon this I’ve found It absolutely useful and it has aided me out loads. I’m hoping to contribute & assist other users like its helped me. Great job.

  52. Hola! I’ve been reading your site for a long time now and finally got the courage to go ahead and give you a shout out from Kingwood Tx! Just wanted to mention keep up the great job!

  53. Hey I know this is off topic but I was wondering if you knew of any widgets
    I could add to my blog that automatically tweet my newest
    twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping
    maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly
    enjoy reading your blog and I look forward to your
    new updates.

  54. Excellent read, I just passed this onto a friend who was doing some research on that. And he just bought me lunch because I found it for him smile Thus let me rephrase that: Thanks for lunch! “The future is not something we enter. The future is something we create.” by Leonard I. Sweet.

  55. Thank you for sharing all these wonderful posts. In addition, the perfect travel as well as medical insurance program can often reduce those concerns that come with visiting abroad. Some sort of medical crisis can rapidly become too expensive and that’s sure to quickly impose a financial impediment on the family’s finances. Putting in place the ideal travel insurance offer prior to leaving is definitely worth the time and effort. Thanks

  56. Heya just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.

  57. When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get four emails with the same comment. Is there any way you may remove me from that service? Thanks!

  58. Hi, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any help is very much appreciated.

  59. I’d like to thank you for the efforts you have put in penning this blog.

    I’m hoping to see the same high-grade blog posts from you in the future as well.
    In truth, your creative writing abilities has motivated me to get my very own blog now 😉

  60. There are some interesting time limits in this article but I don’t know if I see all of them heart to heart. There may be some validity however I will take maintain opinion till I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as well

  61. I haven¡¦t checked in here for a while because I thought it was getting boring, but the last several posts are good quality so I guess I¡¦ll add you back to my daily bloglist. You deserve it my friend 🙂

  62. The following time I learn a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I do know it was my option to read, but I really thought youd have one thing attention-grabbing to say. All I hear is a bunch of whining about something that you could possibly fix if you werent too busy searching for attention.

  63. I haven’t checked in here for a while because I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂

  64. hello there and thank you for your information – I’ve definitely picked up something new from right here. I did however expertise a few technical issues using this web site, since I experienced to reload the website many times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I am complaining, but sluggish loading instances times will often affect your placement in google and can damage your high-quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my e-mail and can look out for much more of your respective intriguing content. Make sure you update this again soon..

  65. One thing is that when you are searching for a education loan you may find that you will want a cosigner. There are many situations where this is correct because you might find that you do not employ a past credit ranking so the bank will require that you’ve got someone cosign the loan for you. Thanks for your post.

  66. Only wanna remark on few general things, The website design is perfect, the written content is really excellent. “To imagine is everything, to know is nothing at all.” by Anatole France.

  67. Thanks for your posting. I also feel that laptop computers are becoming more and more popular right now, and now are usually the only sort of computer utilized in a household. It is because at the same time that they’re becoming more and more very affordable, their processing power keeps growing to the point where they can be as highly effective as personal computers from just a few years ago.

  68. Nice post. I was checking constantly this weblog and I am impressed! Very useful info specially the remaining phase 🙂 I maintain such info a lot. I was looking for this certain information for a long time. Thanks and best of luck.

  69. of course like your web-site but you need to check the spelling on several of your posts. Many of them are rife with spelling issues and I find it very troublesome to inform the truth then again I’ll definitely come again again.

  70. Usually I do not read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, quite nice post.

  71. I also believe that mesothelioma is a rare form of melanoma that is usually found in individuals previously exposed to asbestos. Cancerous cells form while in the mesothelium, which is a safety lining which covers most of the body’s body organs. These cells normally form from the lining with the lungs, abdominal area, or the sac that encircles the heart. Thanks for revealing your ideas.

  72. Can I just say what a relief to discover a person that actually knows what they’re talking about over the internet. You definitely understand how to bring an issue to light and make it important. More people have to look at this and understand this side of your story. I can’t believe you are not more popular given that you most certainly have the gift.

  73. I’m very happy to uncover this web site. I want to to thank you for ones time just for this fantastic read!! I definitely savored every part of it and I have you book marked to check out new things on your blog.

  74. I have been surfing on-line greater than three hours these days, yet I by no means discovered any attention-grabbing article like yours. It is lovely value enough for me. In my view, if all web owners and bloggers made just right content as you did, the internet will probably be a lot more helpful than ever before. “A winner never whines.” by Paul Brown.

  75. I really like your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to design my own blog and would like to find out where u got this from. thanks

  76. What i don’t understood is actually how you are not really much more well-liked than you may be right now. You are so intelligent. You realize therefore significantly relating to this subject, produced me personally consider it from so many varied angles. Its like women and men aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs excellent. Always maintain it up!

  77. Hi would you mind letting me know which webhost you’re working with? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot quicker then most. Can you recommend a good web hosting provider at a fair price? Cheers, I appreciate it!

  78. The other day, while I was at work, my sister stole my iPad and tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!

  79. I have seen lots of useful elements on your web page about pc’s. However, I have the view that netbooks are still not quite powerful enough to be a sensible choice if you usually do tasks that require a great deal of power, such as video croping and editing. But for world-wide-web surfing, word processing, and a lot other typical computer work they are perfectly, provided you never mind the tiny screen size. Thank you for sharing your opinions.

  80. I got this website from my friend who shared with me
    regarding this site and at the moment this time I
    am visiting this web page and reading very informative articles or reviews here.

  81. I’ve been surfing online more than 4 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my view, if all webmasters and bloggers made good content as
    you did, the internet will be a lot more useful than ever before.

  82. Can I simply say what a comfort to discover an individual who genuinely understands what they’re talking about on the internet. You definitely know how to bring a problem to light and make it important. A lot more people really need to look at this and understand this side of your story. I was surprised that you’re not more popular because you most certainly possess the gift.

  83. You have made some good points there. I looked on the net for more information about the issue and found most people will go along with your views on this web site.

  84. Hey there! I just would like to offer you a huge thumbs up for your excellent information you have got right here on this post. I am returning to your web site for more soon.

  85. Howdy! I could have sworn I’ve visited this blog before but after looking at some of the posts I realized it’s new to me. Regardless, I’m definitely delighted I came across it and I’ll be book-marking it and checking back often!

  86. May I simply just say what a relief to find an individual who really understands what they’re discussing on the internet. You actually realize how to bring a problem to light and make it important. A lot more people have to read this and understand this side of the story. I can’t believe you aren’t more popular given that you surely have the gift.

  87. I seriously love your blog.. Excellent colors & theme. Did you build this website yourself? Please reply back as I’m wanting to create my own personal blog and would like to learn where you got this from or exactly what the theme is called. Many thanks!

  88. Good website! I truly love how it is easy on my eyes it is. I am wondering how I might be notified whenever a new post has been made. I’ve subscribed to your RSS feed which may do the trick? Have a great day!

  89. I absolutely love your site.. Pleasant colors & theme. Did you create this website yourself? Please reply back as I’m looking to create my very own blog and would love to learn where you got this from or what the theme is called. Thanks!

  90. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want?HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  91. Hey there! Someone in my Myspace group shared this site with
    us so I came to give it a look. I’m definitely enjoying the information. I’m
    bookmarking and will be tweeting this to my followers!

    Terrific blog and superb design.

  92. Hi! I’ve been following your site for a while now and finally got the bravery to go ahead and give you a shout out from Kingwood
    Texas! Just wanted to say keep up the good work!

  93. Can I simply say what a relief to seek out someone who truly knows what theyre speaking about on the internet. You definitely know how to bring a problem to mild and make it important. More individuals must learn this and understand this facet of the story. I cant consider youre not more fashionable because you definitely have the gift.

  94. perfectly garbage generic viagra sales originally quantity tight thanks online viagra thus card exactly
    writing generic viagra 100mg ultimately decision [url=http://viagenupi.com/#]online viagra[/url]
    morning handle generic viagra sales across carry http://viagenupi.com/

  95. I was suggested this website by my cousin. I’m not sure whether this
    post is written by him as nobody else know such detailed about my problem.
    You’re incredible! Thanks!

  96. free inevitable viagra usa abroad friendship always temporary viagra usa alone fuel deeply
    station generic viagra for sale sometimes hang [url=http://viacheapusa.com/#]viagra for sale[/url] around excuse viagra usa above window

  97. An outstanding share! I’ve just forwarded this onto a coworker who was doing a little research on this. And he in fact bought me dinner due to the fact that I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to talk about this matter here on your web site.

  98. I’m amazed, I have to admit. Seldom do I come across a blog that’s equally educative and interesting, and without a doubt, you have hit the nail on the head. The problem is something which not enough folks are speaking intelligently about. I am very happy that I found this during my hunt for something regarding this.

  99. An outstanding share! I’ve just forwarded this onto a colleague who had been conducting a little research on this. And he actually bought me dinner simply because I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to talk about this subject here on your website.

  100. May I simply say what a relief to uncover a person that truly knows what they’re talking about on the internet. You certainly know how to bring an issue to light and make it important. More and more people should look at this and understand this side of your story. I can’t believe you are not more popular since you certainly have the gift.

  101. I love your blog.. very nice colors & theme. Did you make this website yourself or did you
    hire someone to do it for you? Plz respond as I’m looking to design my own blog and would like to know
    where u got this from. thanks a lot

  102. After looking over a handful of the blog articles on your website, I really like your way of blogging. I saved it to my bookmark site list and will be checking back soon. Please check out my website too and tell me how you feel.

  103. Hi there! I could have sworn I’ve visited this website before but after browsing through a few of the articles I realized it’s new to me. Nonetheless, I’m definitely pleased I came across it and I’ll be book-marking it and checking back regularly.

  104. I’m more than happy to uncover this website. I need to to thank you for ones time due to this wonderful read!! I definitely loved every part of it and I have you book marked to look at new stuff on your web site.

  105. You’re so awesome! I don’t suppose I have read a single thing like this before. So nice to find somebody with a few unique thoughts on this topic. Seriously.. thanks for starting this up. This site is one thing that’s needed on the internet, someone with a bit of originality.

  106. Ofrecemos nuestros servicios de reparación, instalación Calderas Junkers en toda la Comunidad de Madrid, garantizando el servicio técnico de reparación en Madrid. Nos desplazamos a todos los barrios de Madrid como Arganzuela, Barajas, Carabanchel, Centro, Chamartín, Chamberí, Ciudad Lineal, Fuencarral – El Pardo, Hortaleza, Latina, Moncloa – Aravaca, Moratalaz, Puente de Vallecas, Retiro, Salamanca, San Blas, Tetuán, Usera, Vicálvaro, Villa de Vallecas y Villaverde. Nuestro servicio tecnico de calderas en Madrid se encargara del mantenimiento periodico de su caldera asegurando su funcionamiento y alargando la vida util de su aparato.

  107. Si te alojas en Dom Pedro Meia Praia, en Lagos (Meia Praia), estarás a pocos minutos de Playa de Meia y Playa de Dona Ana. Empresa multinacional de servicio al cliente, requiere personal con aspiraciones de crecimiento y estabilidad laboral en el cargo de agentes Call Center; es indispensable contar con un dominio excelente del idioma portugués, y tener disponibilidad de tiempo. Se requiere mujer entre los 25 y 30 años, con experiencia en Asistencia administiva, que sea proactiva, responsable, con buena fluides verbal que resida en la ciudad de Girardot.

  108. This is the perfect web site for anybody who wishes to find out about this topic. You realize a whole lot its almost hard to argue with you (not that I personally will need to…HaHa). You definitely put a fresh spin on a subject that has been written about for a long time. Wonderful stuff, just great.

  109. It’s actually a cool and useful piece of info. I am glad that you shared this useful information with us. Please keep us informed like this. Thanks for sharing.

  110. Hi, I do think this is a great blog. I stumbledupon it 😉 I am going to return once again since I book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  111. Right here is the perfect web site for anybody who really wants to understand this topic. You realize a whole lot its almost tough to argue with you (not that I actually will need to…HaHa). You definitely put a brand new spin on a subject which has been written about for ages. Great stuff, just great.

  112. Cuando en el ejercicio de las actividades clasificadas en este Grupo se faciliten a los alumnos libros artículos de escritorio, la cuota asignada al epígrafe correspondiente se incrementará en un 25 . Cuando en el ejercicio de las actividades clasificadas en este Grupo se preste el servicio de media pensión, la cuota asignada al epígrafe correspondiente se incrementará en un 25 .

  113. Cuando el sujeto pasivo elabore individual y aisladamente el vino con uva de su propia cosecha, la cuota será el 25 de la señalada en este epígrafe. Nota: Este epígrafe comprende la preparación (gasificación, etc.) y envasado de aguas minerales naturales en las fuentes manantiales. Se incluye en este epígrafe la fabricación de productos en polvo, jarabes y concentrados y bases para la fabricación de estas bebidas. Epígrafe 429.2.- Primera transformación del tabaco sin elaboración de cigarros, cigarrillos, picadura, etc.

  114. La protesta -la octava de estas características en democracia- ha arrancado sin incidentes graves, aunque tres integrantes de piquetes han sido detenidos en Madrid en torno a las dos de la madrugada por causar daños en establecimientos del centro de la ciudad, informa F. Javier Barroso, y una sindicalista ha resultado herida con un arma blanca en la cara.

  115. After looking over a number of the articles on your site, I honestly appreciate your way of writing a blog. I book-marked it to my bookmark webpage list and will be checking back in the near future. Please check out my web site too and let me know how you feel.

  116. An outstanding share! I’ve just forwarded this onto a coworker who has been doing a little research on this. And he in fact ordered me dinner because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this issue here on your web site.

  117. Nota común al Grupo 45 .- Este grupo comprende la confección de prendas de vestir, sombreros, estolas y otros accesorios del vestido, alfombras, mantas y otros artículos a base de pieles finas corrientes y de sucedáneos imitación de piel (peletería ficticia), así como la transformación especializada de restos de pieles. Epígrafe 4 8.5.- Actividades anexas a la industria del mueble (acabado, barnizado, tapizado, dorado, etc.). Epígrafe 474.3.- Reproducción de textos imágenes por procedimientos tales como multicopistas, fotocopias por procedimientos fotográficos y electroestáticos, sistemas de reproducción de planos, etc.

  118. Epígrafe 3 3.1.- Equipo, componentes, accesorios y piezas de repuesto de motores para vehículos automóviles (excepto equipo eléctrico). Epígrafe 3 3.2.- Equipo, componentes, accesorios y piezas de repuesto de carrocerías para vehículos automóviles. Epígrafe 3 3.9.- Otro equipo, componentes, accesorios y piezas de repuesto para vehículos automóviles (excepto equipo eléctrico). Epígrafe 3. .- Balanzas de precisión y otros instrumentos y aparatos de medida dimensional de precisión.

  119. I seriously love your site.. Excellent colors & theme. Did you make this site yourself? Please reply back as I’m wanting to create my very own website and want to know where you got this from or exactly what the theme is named. Appreciate it.

  120. Esta tecnología, también se aplica en la fabricación de piezas bajo plano, únicas ó en serie, en cualquier tipo de material plástico. De ahí viene la inclusión de sistemas operativos como el control numérico computarizado CN el cual programa las tareas demandadas a la máquina-herramienta.

  121. La dotación de maquinaria que posee, permite realizar trabajos de torneado y fresado convencional y CNC, soldadura, corte y plegado de chapa y electroerosión entre otros. Continuando con los utensilios de corte en el taller de mecanizados en Madrid nos encontramos con las cizallas manuales.

  122. The very next time I read a blog, I hope that it won’t fail me just as much as this one. I mean, Yes, it was my choice to read through, nonetheless I truly believed you would have something interesting to talk about. All I hear is a bunch of whining about something you could possibly fix if you were not too busy looking for attention.

  123. After I initially commented I seem to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I receive 4 emails with the same comment. Perhaps there is a means you can remove me from that service? Many thanks.

  124. Hello there! I could have sworn I’ve visited your blog before but after browsing through many of the articles I realized it’s new to me. Nonetheless, I’m certainly pleased I stumbled upon it and I’ll be book-marking it and checking back regularly.

  125. An outstanding share! I’ve just forwarded this onto a co-worker who was conducting a little homework on this. And he in fact bought me breakfast simply because I found it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending some time to discuss this topic here on your site.

  126. The next time I read a blog, Hopefully it doesn’t fail me just as much as this one. After all, I know it was my choice to read through, however I genuinely thought you would probably have something useful to talk about. All I hear is a bunch of crying about something that you could possibly fix if you weren’t too busy seeking attention.

  127. Aw, this was an incredibly good post. Finding the time and actual effort to produce a very good article… but what can I say… I hesitate a whole lot and don’t seem to get anything done.

  128. Hi there! This article couldn’t be written any better! Looking through this article reminds me of my previous roommate! He always kept talking about this. I am going to send this post to him. Fairly certain he’s going to have a very good read. I appreciate you for sharing!

  129. Aw, this was an extremely nice post. Finding the time and actual effort to create a very good article… but what can I say… I procrastinate a lot and don’t seem to get nearly anything done.

  130. I’m impressed, I have to admit. Rarely do I come across a blog that’s equally educative and entertaining, and let me tell you, you’ve hit the nail on the head. The problem is an issue that too few men and women are speaking intelligently about. I’m very happy I found this in my search for something concerning this.

  131. I really love your site.. Pleasant colors & theme. Did you make this website yourself? Please reply back as I’m planning to create my own blog and want to learn where you got this from or what the theme is named. Many thanks.

  132. Para fabricar piezas por decoletaje se utilizan tornos automáticos, que hoy en día mayoritariamente son controlados mediante sistemas de control numérico (CNC — Computerized Numeric Control), aunque también siguen existiendo y utilizándose los tornos controlados por levas.

  133. En un país con casi millones de parados, tres veces más personas acogidos a los programas de alimentos de Cáritas que en el 2008, la degradación sistemática de los servicios públicos y con 150 desahucios y 10 suicidios diarios, la huelga debe desbordar el timorato planteamiento de las centrales sindicales mayoritarias. Méndez y Toxo sostienen que hay más motivos que nunca para ir a la huelga y denuncian que en España se está abusando de la propaganda para adormecer a la sociedad”. He investigado todos los informes del Defensor del Menor en cuanto al funcionamiento de estos centros.

  134. En la ultima entrega del terminal y despues de comprobar que el terminal seguia defectuoso, aparte de poner una reclamacion a la tienda en la oficina de consumo les exigi que me cambiaran no solo el terminal, si no el modelo, pues como comprenderia cualquiera el HTC Dream ya no me inspira ninguna confianza. Informarle de que al hacer todo los envíos a través del canal de Telefónica y al pertenecer el terminal a dicha compañía, quien debe hacerse cargo de hacerle un cambio de terminal es la propia compañía, nosotros solo nos dedicamos a reparar los terminales.

  135. Pingback: cialis 5mg
  136. Disponemos de la tecnología más avanzada para obtener los mejores resultados en mecanizado de piezas, y a un equipo profesional que realizará en el plazo estipulado tu encargo proyecto. La popular línea PENTACUT ahora incluye plaquitas de menor tamaño, las PENTA de 17 mm de diámetro y 5 puntas para el mecanizado de piezas miniatura con una capacidad de profundidad de ranurado de hasta 4 mm.

  137. Have you ever considered creating an e-book or guest authoring on other blogs? I have a blog based on the same information you discuss and would love to have you share some stories/information. I know my viewers would enjoy your work. If you’re even remotely interested, feel free to shoot me an e mail.

  138. I just want to mention I’m new to weblog and seriously loved this blog site. Most likely I’m likely to bookmark your website . You surely have outstanding articles. Appreciate it for sharing your website page.

  139. Thanks for your entire effort on this web site. My mum delights in conducting investigations and it’s obvious why. I know all concerning the lively medium you present valuable tips and tricks by means of this web blog and even increase response from other people on that area of interest while our daughter is without question becoming educated so much. Take pleasure in the rest of the year. Your doing a very good job.

  140. Pingback: generic ventolin
  141. Con ésta y otras iniciativas, Mecanizados pretende significarse en apoyo de la formación dual de nuevos profesionales para la industria. Sierras de corte manual y automatizadas para el corte de materias brutas que son llevadas a la zona de mecanizado, bien en forma de barras en bruto de piezas unitarias cortadas a medida.

  142. Pingback: cialis prices
  143. Con el tema de no tener frío en la parte del refrigerador, calculo que puede ser sensor, lo que no se es cuanto me tiene que medir en ohm. Tengo un combi FAGOR no-frost que en verano se dispara la alarma acústica a la más mínima. En segundo lugar, distinguir tu generosidad y gran persona que debes ser, ya que tomarte tanto tiempo para dedicar a ayudar a otros, habla por si solo. Hola, comparto con ustedes las experiencias que tenemos de ser sufridos pero contentos usuarios de una heladera NF General Electric TBG 1 ZBC desde el año 1995.

  144. Pingback: Rx generic viagra
  145. Pingback: viagra online
  146. Las entidades tutoras, las delegaciones del gobierno del estado, las embajadas y consulados se deben coordinar y asegurar de que sus propuestas, en sus respectivas competencias, eviten disfunciones y aseguren la propuesta más adecuada al Interés Superior del Niño en cada caso. El registro de menores extranjeros no acompañados de la Dirección General de Policía del Ministerio de Interior debería servir única y exclusivamente para garantizar los derechos de cada Niño. Miami.- Cuando uno se independiza de sus padres, una de las primeras cosas que le dicen es que uno debe prepararse para el retiro.

  147. Magnificent goods from you, man. I’ve take into accout your stuff previous to
    and you’re simply extremely magnificent. I actually like what you have obtained right here, really like what you’re saying and the way through which you are saying it.
    You are making it enjoyable and you continue to care for to stay it
    sensible. I can not wait to learn far more from you. That is actually a terrific website. http://compu-bingo.com/top/index.php?a=stats&u=latashiatoussain

  148. She flicked off the lights and pushed him against the wall. A frame fell face down on the floor and shattered next to them. She didn’t allow him to take notice. She bit at his bottom lip, tugging his face, commanding him to follow her lead as she walked backwards down the hallway, deeper into the darkness, her darkness. And he, submitting to her bestial strength, simply weaved his fingers into the rust of her hair and bowed to her dominion. Like a lowly, unassuming insect, captivated by her hellfire glow.
    http://thebenefitsweb.com/__media__/js/netsoltrademark.php?d=1080pxnxx.com
    Halfway down the hall, she slammed him back first into the wall again, harder than before — no frames there that time. She clawed at his chest under his shirt as she ate his kiss once more and bit down his neck; the groans he breathed out into the obscurity flinched sharply as her fangs grew less and less forgiving.

    His buckle caught the flash of lamplight seeping in from somewhere outside as she tugged at the leather strap of his belt. She ran her fingers up and back down the front of his chest, back down to his waist, and unclasped his belt, plucking it from the loops with a single sliding pull. Feverishly, she tore his pants open and moved them, along with his boxers, down just enough to reveal his smug erection. With both palms on his board-firm chest, she smirked at him, kissed him once more, a little softer than before, and squatted down before him.

  149. She flicked off the lights and pushed him against the wall. A frame fell face down on the floor and shattered next to them. She didn’t allow him to take notice. She bit at his bottom lip, tugging his face, commanding him to follow her lead as she walked backwards down the hallway, deeper into the darkness, her darkness. And he, submitting to her bestial strength, simply weaved his fingers into the rust of her hair and bowed to her dominion. Like a lowly, unassuming insect, captivated by her hellfire glow.
    http://vets2cuba.org/__media__/js/netsoltrademark.php?d=1080pxnxx.com
    Halfway down the hall, she slammed him back first into the wall again, harder than before — no frames there that time. She clawed at his chest under his shirt as she ate his kiss once more and bit down his neck; the groans he breathed out into the obscurity flinched sharply as her fangs grew less and less forgiving.

    His buckle caught the flash of lamplight seeping in from somewhere outside as she tugged at the leather strap of his belt. She ran her fingers up and back down the front of his chest, back down to his waist, and unclasped his belt, plucking it from the loops with a single sliding pull. Feverishly, she tore his pants open and moved them, along with his boxers, down just enough to reveal his smug erection. With both palms on his board-firm chest, she smirked at him, kissed him once more, a little softer than before, and squatted down before him.

  150. Pingback: viagra 100mg
  151. She flicked off the lights and pushed him against the wall. A frame fell face down on the floor and shattered next to them. She didn’t allow him to take notice. She bit at his bottom lip, tugging his face, commanding him to follow her lead as she walked backwards down the hallway, deeper into the darkness, her darkness. And he, submitting to her bestial strength, simply weaved his fingers into the rust of her hair and bowed to her dominion. Like a lowly, unassuming insect, captivated by her hellfire glow.
    http://idahoassociationforjustice.com/__media__/js/netsoltrademark.php?d=1080pxnxx.com
    Halfway down the hall, she slammed him back first into the wall again, harder than before — no frames there that time. She clawed at his chest under his shirt as she ate his kiss once more and bit down his neck; the groans he breathed out into the obscurity flinched sharply as her fangs grew less and less forgiving.

    His buckle caught the flash of lamplight seeping in from somewhere outside as she tugged at the leather strap of his belt. She ran her fingers up and back down the front of his chest, back down to his waist, and unclasped his belt, plucking it from the loops with a single sliding pull. Feverishly, she tore his pants open and moved them, along with his boxers, down just enough to reveal his smug erection. With both palms on his board-firm chest, she smirked at him, kissed him once more, a little softer than before, and squatted down before him.

  152. Pingback: viagra generic
  153. Pingback: pills for ed

Deixe uma resposta

O seu endereço de e-mail não será publicado.