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oldengray

12/27/11 1:28 PM

#12067 RE: damondon #12066

The reason the Authorized Shares have been raised concerns the agreement with Inter-Mountain. MSLP is required to keep in reserve 1.5 times the shares required to settle 100% of the debt due. The PPS drop from .012 to .006 meant MSLP needed to double that reserve.