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BIG bhapa

01/22/11 1:01 AM

#15537 RE: palmspringsbum #15536

Yea, this is correct, the divy is common (but it is a new class)not the current class (no dilution), and the additional PS will be issued. And note: that the 250 million of issue only applies to the new class, and our current class will still have the same 100 million. My point was I think people keep misunderstanding that into thinking there will be dilution the current class, but that amount is only for the new class.

BIG bhapa

01/22/11 1:34 AM

#15538 RE: palmspringsbum #15536

Palms: the new class is probably going to be IPO'd also, and for the record I take either the incentive of PS is still the same that I stated earlier, sorry for the confusion, basically the distribution or any liquidation will go PS holders first, but those are hypothetical situations ofcourse, and as far as the new class of share, it's going to be a mystery...as it will increase or decrease, but I am pretty sure it's not going to wipe out the our current class, then there would be no point of the new class..thanks