Southeast Banking Corporation (fka STBPQ)

[MU_Redskin1]

Re-grip and restated ... LOL

Yes we are Class 6 interests.

Here is why I think the "remainder units" will be distributed to charity.

The Trustee has Identified 12.4 - 13 million old SEBC stock interests which will be converted to SEBC Holdings LP units.

The recent pro forma lists 13,760,000 SEBC Holdings LP common units as of the Effective date, March 31, 2009.

http://www.sebcglobalsettlement.com/pleadings/SEBC043.pdf

So, hopefully there should be very few remainder shares to give to charity once we convert our old SEBC common interests to SEBC Holdings LP common units. [From 12. (c.) ...... "any shares left-over or too expensive to be redistributed will be donated to charity. "]

Thanks, MU_Redskin1