Ann: Form 604, page-3

increased due to adjustment of shares outstanding. i.e. the buybacks reduced the shares so increased their ownership.

The only thing that can save AHY, beside its bankers being nice guys who will lend no matter what, will be the support of SCA. And remember that SCA and the privateers flogged AHY off to our smart monies at pretty much the same price they're now buying $100M of it back - with borrowed money, low cash reserves and struggling performance.

It just doesn't add up. So while SCA will want to save AHY or privatise it... the price will need to go a heck of a lot lower than the current market price to make economic sense for them.