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stock_observer_77

10/30/08 2:10 PM

#20449 RE: Stavros #20448

Stavros

I believe there are about 10 or 11 total lenders from the original note; several of the lenders have completed conversions, the others still have conversions to go. I believe all of the lenders have at least converted some.

From what I understand, the conversions are approximately 50% or more complete - this includes the CD plus 2 other notes (as I understand it from Billy).

Does this help?