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Alias Born 10/31/2007

Re: Argonath post# 23116

Thursday, 12/20/2007 2:43:17 PM

Thursday, December 20, 2007 2:43:17 PM

Post# of 27672
Preferred shares should be a new class of TCHH stock, not current TCHH common shares. Thus the current TCHH price should have no bearing on the preferred shares unless there is a conversion ratio built into the agreement to occur at a later date.

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