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Market Leader prepared to raise up to $50 million

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Editor's note: This story has been updated to correct that in reporting third quarter results, Market Leader said one customer accounted for 80 percent of the company's accounts receivable balance, not 80 percent of revenue. The customer in question represented less than 5 percent of Market Leader's revenue.  Market Leader Inc. has filed papers with securities regulators that would allow the company to raise up to $50 million by offering stock or debt securities -- money the company says it might use to grow its customer base, or acquire new technologies or businesses.  The S-3 registration statement filed by Market Leader paves the way for, but does not commit, the company to offer common stock, preferred stock, convertible preferred stock, debt securities, convertible debt securities, stock purchase contracts, stock purchase units or warrants in one or more offerings."Putting this facility in place is considered good corporate governance as it provides the timely financial f...