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Dondoodit

07/06/09 11:02 PM

#9695 RE: walzy #9694

The specific wording in the 8-K is:

"However, the Company still has a small number of contingent assets which may result in further realizations for the estate in the future. Depending on the outcome of the realisation efforts, an additional distribution to the Company’s preferred shareholders may be made prior to the formal dissolution of the Company.

It is anticipated that any further distributions to Series A Preferred Shareholders will occur within 12 months, although the exact timing and the quantum of any further distribution is uncertain."

Note the following:

1. "...an additional distribution...may be made..." Emphasis on "may".

2. "...may be made prior to the formal dissolution of the Company." Emphasis on "may" and "formal dissolution".

3. "It is anticipated that any further distributions...will occur within 12 months..." Emphasis on "anticipated"

4. "exact timing ... uncertain"