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03/14/24 1:35 PM

#234884 RE: dukeb #234883

I think what he was suggesting: 1. Those warrants/shares that converted in pref's improved the balance sheet; 2. He stated they are free trading now; and 3. The pref's want to wait for a higher price to sell, but they could convert now into free trading shares.

I did also notice that he said one large holder has been a paid. He said "it's nice to get one large holder out of our hair"