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j_t

04/20/08 6:55 PM

#10602 RE: j_t #10601

So, bottom line with director options for 2007 and dividends payouts (without new director payouts), we are looking at between 70,000,000 and 110,000,000 new shares coming up in the next 12 months no matter what. Who knows what the option payouts for 2008 will be.

jt