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So, it had to come out someday and it has ... now, deal with it elegantly and honestly. People like honesty. Its very easy to handle this. Use the two points below:
The Huge Loss. Your company faced a huge loss in the 90s. A lot of companies went bankrupt in the 90s ... people will readily believe you and support you on this. This is the most important highlight.
Legally Accommodated. The “Laws” allowed you to accommodate this huge financial loss in the next years.

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