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Message: Margin Calls

for clarity or added confusion depending on how you look at it...

Margin calls are a product of a somewhat complicated formula that is based on Initial Margin and Maintenance Margin that varies from investor to investor based on thier agreements with thier brokers.

The 25-40% range would contain most margin call triggers but may not contain all

hope I haven't caused extra confusion. If anyone feels I have poorly explained margin calls...please clarify for the benefit of the board.

Thanks

S.

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