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HokieHead

02/28/09 12:30 AM

#1786 RE: PenSec #1785

Folks, look at the last filing. All the shares issued were from 11/06 to 11/07. It states at the top of the filing with all the shares issued and outstanding at:

State the number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date: January 11, 2008: 228,774,164

There has been really no volume since 1/11/08 except for the shares purchased by Browning.

My conclusion: the O/S remains at 228,774,164. All the debenture shares were redeemed taking it down this low before 1/11/08....