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Tuesday, April 12, 2016 10:39:47 PM
18. In submitting its February 5, 2016 accounting, Hanover would have
the Court believe that it liquidated 574,638 of the Escrowed Shares during the
period of November 28, 2012 to October 1, 2013, for proceeds of $194,937 (an
average price of $0.34 per share). It is mathematically impossible that Hanover (a)
sold about 634,449 Escrowed Shares on or before November 27, 2012 (as the
“meticulous” October 1, 2013 accounting states); (b) sold 574,638 Escrowed Shares
from November 28, 2012 to October 1, 2013 (as Hanover’s February 5, 2016
accounting claims); and (c) retained 967,621 Escrowed Shares as of October 1, 2013
(as both of Hanover’s accountings state)
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