Ann: 249F Notice of Meeting to be withdrawn, page-5

I too was surprised that the convening shareholders did not have the required number of shares. Therefore I emailed Arbiter and have received the following response:

"It is a delaying tactic by X64 even though they know it is flimsy. They are arguing a technicality that Arbiter Partners owns the shares across a few different accounts we manage so technically Arbiter couldn't call for the meeting. Rather than facing unknown delays and incurring unnecessary legal fees for both ourselves and X64 if they tried to challenge in court, we just withdrew the notice and will make changes. It may be small in the grand scheme of things but every dollar they waste on legal fees trying to find some loophole is another dollar that doesn't get returned to shareholders. "

I wish the company would just respond to the allegations made by the convening shareholders.