sellers thinning, page-55

Hi Folks, The fact that only around 16% was taken up is good for us. The Underwriters can receive their approx 55 million and others can receive payment with the shortfall. Saves further dilution.

The options are at a standoff. 84% more options will be allocated by next week. Clients of underwriters are often not long term holders. Without further news maybe a range between .4 and .6 could occur. In my humble opinion. Cheers.