That would leave him/them with approx. 16.8M. Do you think that they will hold these shares or sell them? I know that it hurts, but I still look forward to the day when they are 100% out. I wondered if S&L were not trying to set this up as an investment banking co.- esp. when mngt. announced that that was one of the avenues that they would persue. If indeed there is a business side to the settlement, it could mean that S&L are not interested in hanging around. Good job counting up the numbers. GL, ads