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567tbd

12/19/11 8:32 PM

#19188 RE: ncpti #19187

PGPM-That kid of Speculating I look forward to.

-I believe that Mr Pinedo will be Gone.
-ACLY being absorbed by PGPM, Not sure they can just do that. Unless they merge with them by way of a merger with them as a wholly-owned subsidiary.
-That would also mean a share tranfer of so many PGPM shares for each ACLY share that we own.
-I think that the Russian deal is probably on Life Support. The conditions between the Russian Gov and the Deal Makers them selves may be beyond Resuscitation.

567

GL

Other than a few details...I like the Way Things Look