Please see Lambert or Skip about any questions. We believe that this is a good company, and if the stock were to hit the stock loss, we would want to buy back in. A motion was passed to remove the stop loss order. Sunterra missed payment and defaulted on a note. Subsequently it laid off 930 employees and filed for voluntary Chapter 11.
Sales operation is halted in many of the resorts in Florida and California.
We discussed abandoning the stock and taking the loss. We decided to continue holding the stock and see what happens. A motion was made to sell all shares at 26 or better. The motion carried. Sun has exceeded earnings expectations for the last 5 consecutive quarters.