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LGL8054

12/21/14 11:09 PM

#52256 RE: Cheds #52253

Because I don't believe that Hanover is in play at this time and I cant follow those numbers. Note: moneys from the shares being bought by the public go's to the people selling the shares, the Note holders.

If you want to come at the numbers from the sold column go to Historic sales and use the numbers to project the shares that all of us have bought, to me it looks like about 900,000,000 shares have traded, so I think we are One quarter of the way to taking the shares out that are to be converted from the T loans not including Hanover. We have 75% of the converted or to be converted shares to go.