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Re: None

Friday, 01/10/2014 4:00:59 PM

Friday, January 10, 2014 4:00:59 PM

Post# of 91007
HANOVER SHARE DISTRIBUTION


I think it's safe to say that this is in all likelihood the end of the shares due to Hanover. My calculations that were admittedly based on an uncertain estimate of the VWAP shows only 642,890 shares left (see below). This is probably an inaccuracy on my part.

Congrats to all who have weathered the Hanover debacle!


8K DATE DISBURSED QUANTITY DAYS PRICE
23-May 8,500,000
20-Jun 17-Jun 5,550,000 25 0.0282
20-Jun 19-Jun 4,300,000 2 0.0229
8-Jul 2-Jul 6,250,000 13 0.0450
12-Jul 12-Jul 7,000,000 10 0.0639
31-Jul 25-Jul 8,066,171 13 0.0343
5-Aug 1-Aug 6,000,000 7 0.0388
9-Aug 8-Aug 6,300,000 7 0.0210
18-Sep 16-Sep 6,800,000 39 0.0153
16-Oct 14-Oct 10,000,000 28 0.0095
19-Dec 16-Dec 27,000,000 63 0.0024
10-Jan 27-Dec 6,009,817 11 0.0022


TOTAL SHARES DISBURSED: 101,775,988



VWAP ESTIMATE: 0.0134
TOTAL VWAP SHARES: 102,418,878
SHARES DISBURSED 101,775,988
CURRENT SHARES DUE: 642,890







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