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Re: None

Friday, 03/14/2008 3:50:05 PM

Friday, March 14, 2008 3:50:05 PM

Post# of 100
Class 4 equity interest (STOCK) is cancelled with no distribution. see below...

If you read the last sentence I posted on the other post it says that all persons have equal interest in the 8.1mm shares which is 9% of the OS.

I may be reading it wrong but I think they only have 22mm shares.



Treatment of Claims and Interests
The Plan divides all Claims except for Administrative Claims, and Priority Tax
Claims, and all Interests into various Classes. The following tables summarize
the Classes of Claims and Interests under the Plan, and their proposed treatment
thereunder.

Class 1 Priority Non-Tax Claims Payment in full in Cash or
Confirmation.
Class 2 Secured Debenture Claims A distribution of 10% of the New
Common Stock of Reorganized DOBI, and
participation Pro-Rata in 80% of
the gross proceeds, if any generated
under the License Agreement post-
Confirmation.
Class 3 General Unsecured Claims No distribution.
Class 4 Equity Interests Canceled, no distribution.

Implementation
On the Effective Date, except as otherwise specifically provided for in the
Plan: (1) the existing DOBI Equity Interests and any other purchase right,
option, warrant, or other instrument or document directly or indirectly
evidencing or creating any indebtedness or obligation of or ownership interest
in the Debtor giving rise to any Claim or Interest, shall be canceled solely as
to the Debtor, and the Reorganized Debtor shall not have any continuing
obligations thereunder and (2) the obligations of the Debtor pursuant, relating,
or pertaining to any agreements, indentures, certificate of designation, bylaws,
or certificate or articles of incorporation or similar documents governing same
shall be released and discharged.

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