CKI do not think that is correct. Those who did not elect to...

CK

I do not think that is correct. Those who did not elect to convert in May are deemed to have rolled over to November 2010. I could be wrong, but that is my understanding.

If I am wrong and people can elect again, well they could only do half of their holdings (if they did not do any in the conversion that has just been). Someone who did 50% in May can do their other 50% in November. Let us hope by November DBCT money is in the bank and they can squeeze out some cash to stop the conversion into shares (ie using the $50M the sweep facility allows them to keep).

Maybe we can ask the company for clarification.