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stervc

04/13/12 6:13 PM

#3224 RE: kimopro #3223

kimopro...

Depending on who owns the shares, no shareholder approval would be required.

Also, an increase in the float is not necessarily an increase in the SHMX OS. Restricted shares becoming unrestricted increases the float, but does not increase the total number for the OS. In such a case, the OS will remain constant.

v/r
Sterling