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1manband

09/05/13 3:58 PM

#3165 RE: HDOGTX #3159

Nothing has changed, except that the liquidation preference of the preferred holders has grown at 44% a year. Which makes it now about $150 million, much more than the $44 million buyout.

Which means there will be nothing left for common shareholders. They get nothing, and the common stock will be wiped out.