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A massive question remains: How much will be left to move? Currently, I.O.S. is running up legal bills estimated at $4,000,000 a year and accounting fees of some $1.5 million annually. For the first nine months of 1971, it reported a loss of more than $9,000,000. Vesco is underwriting some of the losses with loans and loan guarantees from his stateside companies. He is also trying to raise cash by selling surplus subsidiary operations, like a computer-processing company near Geneva, and some of the now unneeded real estate in Geneva and Ferney-Voltaire. Vesco has recently been discussing the possible sale of some of his I.O.S. holdings to Edward Ball and Raymond Mason, Florida financiers. Black as things look for I.O.S., its officers have learned one thing: adversity is never so serious that it cannot get worse.
