Ann: JW Powell 23-25 Well - Operations Update, page-22

When FPL wanted to raise funds they thought they had to create a bargain for new punters, hence the 1 for 10 effectively giving the existing holders the shaft and presenting a bargain for the new. They cannot be held accountable for not acting fiduciarily as their holdings were similarly affected. One way for shareholders affected by the latest 1 for 10 to achieve some type of recovery would be to buy the original amount of shares pre 1 for 10. I.E. I bought a million at .007 and now have 100,000 at .006, so by buying another million at .006 (or .007) I've set my price average at .014 which would not be too difficult to live with. HOWEVER... the big what if remains... that is... yet another 1 for 10.  FPL directors could possibly redeem some confidence in the (2nd 10) market if they announced that there would never be any further reduction of any kind but I think I'm just a tad too old to believe Santa is coming down the chimney. Merry Xmas to all.