Ann: Amendment of Initial Distribution and Timeta, page-2

re: Ann: Amendment of Initial Distribution an... Shock for holders (and hedge funds)

Entry at $1.23 today.

Will get back $1.16 in a few weeks.

$0.07 residual position could potentially be lost, however there is good upside:

- Potential $0.11 bonus if refinance occurs (hedge funds were certainly banking on this)
- A further $0.13 in the future once tax issues are resolved.

Good risk / reward play.

Was prepared to enter into this up to $1.24 with a 3:1 potential return.