Correct me if I am wrong, but these two holders are likely current sellers of the stock & have 45 million+ shares to go as of 4/4/12:
Name Allocated Remaining
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8% NOTE-HANOVER HOLDINGS I LLC 4/04/2012 25,000,000 25,000,000
8% NOTE-MAGNA GROUP RESERVE 04/04/12 25,000,000 20,412,984