That's because it is purposely vague. I believe with a quick re-paymnet of the loan, we will see a Chrysler like actionable from the Fed resulting in non execution of the preferred convertible. AIG is poster child for Fed Bailout. It's a winnder with calculated risk. At least we know what the calculated risk is as opposed to other investments. Get in, particpate in upside and hedge aginst long term dilution if it happens. Great opportunity for us all.