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Xl175

10/30/18 2:53 PM

#30128 RE: Jerm17 #30126

Let’s say they have 400m then RS 1 for 100, then vote in a new Board of directors, give the new BOD stock options and sell millions of new shares. All of this is legal under Delaware corporate law and is done quite frequently. Sell ENB X number million shares at preset price. Then sell X number million shares to the market.

So by doing the above there is no problem with RS inv this issue down to 4M, it gets rid of most all of the baggage, give Delfin investors large stock options, sell to partners for fixed price. Then sell to the market.