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Albrt>>>>Am I missing something here? Why does the 10Q report an equity number that's different from the balance sheet?The 40 mil showed up in 3rd qtr. It was a (strange) settlement to a lawsuit. Swiss Re refused to pay $55 Mil in Reinsurance claims, TWK sued, Swiss Re agreed to purchase convertible preferred shares. The thing I didn't like is; I don't like the "conversion" (dilution) if TWK's book value is less than $221 Mil. Also, as TWK's rating drops, the dividend cost increases dramatically. I thought we all had already discussed this, and, none of like it, but, it was the least of our problems at the time.