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Oakbrook Terrace, Illinois phone company Telesphere International Inc has run into serious cash flow problems as a result of its inability to collect the money owed to it for its 900 number chatline service where up to eight people can join in a party conversation: it says that an unidentified investment group is interested in buying convertible debt which would lead to a change of control if fully converted; in the meantime, it says it will report a significant fourth quarter loss and that losses for the year will be above $10m.

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