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Cartman 3_16

03/22/17 12:53 PM

#35532 RE: White Coal #35528

Yes, I think it's possible. But I don't think it's probable. Seven million extra shares against a 150 million AS count is less than 5 percent. If you look at recent 10Qs, you'll see they blow through more than 7 million pretty quickly. So it seems reasonable to me that they'd want a bigger cushion going forward for operations.