RR,

Not sure I understood your question the way you phrased it but Greywolf reported their holdings as of Dec 2010 when the stock was going sideways in the .30s range so from that price range Greywolf took a 50% hair cut. Not sure they would have added 13 million shares to their position if they knew what we know today. They had to be relying on managements double talk as well.

kmr