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Enterprising Investor

06/24/11 8:50 AM

#2803 RE: WizKid16 #2802

You need to start over! ;o)

The Charlestown Plan calls for buying 55 percent of the equity from existing shareholders. There are three methods used to get there: (1) non-insider shareholders who elected to give up 100 percent of their holdings at $.35; (2) non-insiders will lose a pro-rata amount at $.35, and; (3) insiders who will receive $.45 for their shares.