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DERBENSKI

05/20/07 2:55 AM

#4678 RE: snow #4677

Snow

The preferreds are at a fixed conversion ratio. The ratio is one to one.

However a lot depends on what authority the shareholders have given to the BOD.

If management has voting control just throw in the towel on everything.

Basically until the company goes back to reporting status nobody knows nothing.

Derb