Another thing I just thought of. OK, the company’s board of directors has authorized management, in its discretion, to purchase up to 1 Billion shares of PNMS common stock over the next 12 months. They are going to be buying on the US market, according to Pedro and the IR department, and those shares will be held as treasury stock. Now what I think is that the number of cert's that are turned in and converted into PDR's will effect the amount of shares they buy on the US markets, simply because the share won't be there for them to buy as before the conversions. Yes/no, make any sense?
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