sc13dza

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QMFcefQAL8dgyuWQcKVnriSRkbp3927ZBjERgiPNGv+D8dCPFKVMaNbrHSBqdP42 Gs/PH9LZzkSPKxZTU+JsIw== 0000950134-07-020088.txt : 20070918 0000950134-07-020088.hdr.sgml : 20070918 20070918111605 ACCESSION NUMBER: 0000950134-07-020088 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20070918 DATE AS OF CHANGE: 20070918 GROUP MEMBERS: PHIL FROHLICH GROUP MEMBERS: PRESCOTT GROUP AGGRESSIVE SMALL CAP II LP GROUP MEMBERS: PRESCOTT GROUP AGGRESSIVE SMALL CAP LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LEVITT CORP CENTRAL INDEX KEY: 0001218320 STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520] IRS NUMBER: 113675068 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79444 FILM NUMBER: 071121658 BUSINESS ADDRESS: STREET 1: 2200 WEST CYPRESS CREEK ROAD CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 BUSINESS PHONE: 954-958-1800 MAIL ADDRESS: STREET 1: 2200 WEST CYPRESS CREEK ROAD CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRESCOTT GROUP CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001166152 IRS NUMBER: 731554000 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1924 S UTICA SUITEF 1120 CITY: TULSA STATE: OK ZIP: 74104 BUSINESS PHONE: 9187473412 SC 13D/A 1 d49962sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D/A
(Rule 13d-101)

Under the Securities Exchange Act of 1934

Levitt Corporation

(Name of Issuer)

Class A Common Stock, $.01 Par Value

(Title of Class of Securities)

52742P108

(CUSIP NUMBER)

Phil Frohlich
1924 South Utica, Suite #1120
Tulsa, Oklahoma 74104-6429
(918) 747-3412

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

- with copies to -

Eliot D. Raffkind
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800

September 14, 2007

(Date of event which requires filing of this statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box o.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

Page 1 of 15


CUSIP No.		52742P108	13D/A


1	NAMES OF REPORTING PERSONS PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	SOURCE OF FUNDS (SEE INSTRUCTIONS)

	WC

5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

	o

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Oklahoma

		7	SOLE VOTING POWER

NUMBER OF			2,641,276

SHARES		8	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			0

EACH		9	SOLE DISPOSITIVE POWER
REPORTING
PERSON			2,641,276

WITH		10	SHARED DISPOSITIVE POWER

			0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	2,641,276

12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	14.2%

14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	IA

Page 2 of 15


CUSIP No.		52742P108	13D/A


1	NAMES OF REPORTING PERSONS PRESCOTT GROUP AGGRESSIVE SMALL CAP, L.P.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	SOURCE OF FUNDS (SEE INSTRUCTIONS)

	WC

5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

	o

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Oklahoma

		7	SOLE VOTING POWER

NUMBER OF			0

SHARES		8	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			2,641,276

EACH		9	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH		10	SHARED DISPOSITIVE POWER

			2,641,276

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	2,641,276

12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	14.2%

14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	PN

Page 3 of 15


CUSIP No.		52742P108	13D/A


1	NAMES OF REPORTING PERSONS PRESCOTT GROUP AGGRESSIVE SMALL CAP II, L.P.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	SOURCE OF FUNDS (SEE INSTRUCTIONS)

	WC

5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

	o

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	Oklahoma

		7	SOLE VOTING POWER

NUMBER OF			0

SHARES		8	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			2,641,276

EACH		9	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH		10	SHARED DISPOSITIVE POWER

			2,641,276

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	2,641,276

12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	14.2%

14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	PN

Page 4 of 15


CUSIP No.		52742P108	13D/A


1	NAMES OF REPORTING PERSONS PHIL FROHLICH


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o

3	SEC USE ONLY



4	SOURCE OF FUNDS (SEE INSTRUCTIONS)

	PF

5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

	o

6	CITIZENSHIP OR PLACE OF ORGANIZATION

	U.S. CITIZEN

		7	SOLE VOTING POWER

NUMBER OF			2,641,276

SHARES		8	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			0

EACH		9	SOLE DISPOSITIVE POWER
REPORTING
PERSON			2,641,276

WITH		10	SHARED DISPOSITIVE POWER

			0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	2,641,276

12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

	14.2%

14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	IN

Page 5 of 15

SCHEDULE 13D/A

This Amendment No. 1 to Schedule 13D (the “Schedule 13D”) is being filed on behalf of Prescott Group Capital Management, L.L.C., an Oklahoma limited liability company (“Prescott Capital”), Prescott Group Aggressive Small Cap, L.P., an Oklahoma limited partnership (“Prescott Small Cap”), Prescott Group Aggressive Small Cap II, L.P., an Oklahoma limited partnership (“Prescott Small Cap II” and together with Prescott Small Cap, the “Small Cap Funds”) and Mr. Phil Frohlich the principal of Prescott Capital, relating to shares of common stock of Levitt Corporation, a Florida corporation (the “Issuer”).

This Schedule 13D relates to shares of Class A Common Stock, $0.01 par value (the “Common Stock”) of the Issuer purchased by the Small Cap Funds through the account of Prescott Group Aggressive Small Cap Master Fund, G.P., an Oklahoma general partnership (“Prescott Master Fund”), of which the Small Cap Funds are the general partners. Prescott Capital serves as the general partner of the Small Cap Funds and may direct the Small Cap Funds, the general partners of Prescott Master Fund, to direct the vote and disposition of the 2,641,276 shares of Common Stock held by the Prescott Master Fund. As the principal of Prescott Capital, Mr. Frohlich may direct the vote and disposition of the 2,641,276 shares of Common Stock held by Prescott Master Fund.

Item 1. Security and Issuer

Securities acquired: Shares of Class A Common Stock, $.01 Par Value (the “Common Stock”).


Issuer:		Levitt Corporation 2200 W. Cypress Creek Road Fort Lauderdale, FL 33309

Item 2. Identity and Background

(a) This Statement is jointly filed by Prescott Capital, Prescott Small Cap, Prescott Small Cap, II, and Phil Frohlich. Because Phil Frohlich is the managing member of Prescott Capital, which is the general partner of Prescott Group Funds (with Phil Frohlich and Prescott Capital hereinafter referred to as the “Controlling Persons”), the Controlling Persons may be deemed, pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”) to be the beneficial owners of all shares of Common Stock held by Prescott Group Funds. The Reporting Persons (as hereinafter defined) are filing this Statement jointly, as they may be considered a “group” under Section 13(d)(3) of the Act. However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists.

(b) The principal place of business for each of the Reporting Persons is 1924 South Utica, Suite #1120, Tulsa, Oklahoma, 74104.

(c) The principal occupation of Phil Frohlich is serving as the managing member of Prescott Capital. The principal business of Prescott Capital is acting as the general partner of

Page 6 of 15

Prescott Group Funds. The principal business of the Prescott Group Funds is investing in securities.

(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.

(f) Prescott Capital and Prescott Group Funds are organized under the laws of the State of Oklahoma. Mr. Frohlich is a citizen of the United States of America.

Item 3. Source and Amount of Funds

As of September 17, 2007, Prescott Group Funds had invested $5,547,713 (inclusive of brokerage commissions) in shares of Common Stock of the Issuer. The source of these funds was the working capital of Prescott Group Funds.

Item 4. Purpose of the Transaction

Prescott Group Funds (together with Phil Frohlich the “Reporting Persons”) purchased the Common Stock based on the belief that such securities, when purchased, were undervalued and represented an attractive investment opportunity. Although Reporting Person has no specific plan or proposal to acquire or dispose of the Common Stock, consistent with its investment purpose, Reporting Person at any time and from time to time may acquire additional Common Stock or dispose of any or all of its Common Stock depending upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions, other investment opportunities, liquidity requirements of the Reporting Person and/or other investment considerations.

The purpose of the acquisition of the Common Stock is for investment, and the acquisitions of the Common Stock were made in the ordinary course of business and were not made for the purpose of acquiring control of the Issuer.

Also, consistent with the investment purpose, the Reporting Person may engage in communications with one or more shareholders of the Issuer, one or more officers of the Issuer and/or one or more members of the board of directors of the Issuer and/or one or more representatives or regulators of the Issuer regarding the Issuer, including but not limited to its operations. The Reporting Person may discuss ideas that, if effected may result in any of the following: the acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate transaction involving the Issuer, and/or changes in the board of directors or management of the Issuer.

Page 7 of 15

The Reporting Persons contacted the Independent Members of the Issuer’s Board of Directors via a letter dated September 14, 2007, a copy of which is attached hereto as Exhibit 2.

Except to the extent the foregoing may be deemed a plan or proposal, Reporting Person has no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Person may, at any time and from time to time, review or reconsider its position and/or change its purpose and/or formulate plans or proposals with respect thereto.

Page 8 of 15

Item 5. Interest in Securities of the Issuer

(a) The aggregate percentage of shares of Common Stock reported to be owned by the Reporting Persons is based upon 18,616,665 shares outstanding, which is the total number of shares of Common Stock outstanding pursuant to the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 9, 2007.

As of September 17, 2007, Small Cap Funds beneficially owned 2,641,276 shares of Common Stock, representing approximately 14.2% of the issued and outstanding Common Stock of the Issuer.

Prescott Capital as the general partner of Prescott Group Funds may also be deemed to beneficially own the 2,641,276 shares of Common Stock held by Prescott Group Funds, representing approximately 14.2% of the issued and outstanding Common Stock of the Issuer.

In addition Phil Frohlich, as managing member of Prescott Capital, the general partner of Prescott Group Funds, may also be deemed to beneficially own the 2,641,276 shares of Common Stock beneficially owned by Prescott Group Fund.

Prescott Capital and Mr. Frohlich disclaim beneficial ownership of the shares of Common Stock held by Prescott Group Funds except to the extent of their pecuniary interest therein.

(b) By virtue of his position with Prescott Capital and Prescott Group Funds, Phil Frohlich has the sole power to vote and dispose of the shares of Common Stock owned by Prescott Group Funds reported in this Statement.

The filing of this statement on Schedule 13D shall not be construed as admission that Prescott Capital or Mr. Frohlich is for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of the 2,641,276 shares of Common Stock owned by Prescott Group Funds. Pursuant to Rule 13d-4, Prescott Capital and Mr. Frohlich disclaim all such beneficial ownership.

(c) Annex A attached hereto lists all transactions in the Common Stock during the past sixty days by the Reporting Persons. The transactions in the Common Stock were effected in the open market.

(d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Page 9 of 15

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Item 7. Material to be Filed as Exhibits


Exhibit 1		Joint Filing Agreement by and among Prescott Group Capital Management, L.L.C., Prescott Group Aggressive Small Cap, L.P., Prescott Group Aggressive Small Cap II, L.P. and Phil Frohlich dated September 17, 2007.

Exhibit 2		Letter dated September 14, 2007 from Prescott Capital Management, L.L.C. to the Independent Members of the Board of Directors of Levitt Corporation.

Page 10 of 15

Signatures

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.


Dated: September 17, 2007

	Prescott Group Capital Management, L.L.C.

	By:	/s/ Phil Frohlich

		Phil Frohlich, Managing Member


	Prescott Group Aggressive Small Cap, L.P.

	By:	Prescott Group Capital Management, L.L.C., its general partner

	By:	/s/ Phil Frohlich

		Phil Frohlich, Managing Member

	Prescott Group Aggressive Small Cap II, L.P.

	By:	Prescott Group Capital Management, L.L.C., its general partner
	By:	/s/ Phil Frohlich

		Phil Frohlich, Managing Member

	Phil Frohlich

	By:	/s/ Phil Frohlich

		Phil Frohlich

Page 11 of 15

EX-99.1 2 d49962exv99w1.htm JOINT FILING AGREEMENT exv99w1

EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) (1) (iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D dated September 17, 2007 (including amendments thereto) with respect to the Common Stock of Levitt Corporation This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

Dated: September 17, 2007


		Prescott Group Capital Management, L.L.C.

		By:		/s/ Phil Frohlich

				Phil Frohlich, Managing Member

		Prescott Group Aggressive Small Cap, L.P.

		By: Prescott Group Capital Management, L.L.C.,
		its general partner

		By:		/s/ Phil Frohlich

				Phil Frohlich, Managing Member

		Prescott Group Aggressive Small Cap II, L.P.

		By: Prescott Group Capital Management, L.L.C.,
		its general partner

		By:		/s/ Phil Frohlich

				Phil Frohlich, Managing Member

		Phil Frohlich

		By:		/s/ Phil Frohlich

				Phil Frohlich

Page 12 of 15

EX-99.2 3 d49962exv99w2.htm LETTER exv99w2

Exhibit 2

September 14, 2007

Independent Members of the Board of Directors Levitt
Corporation

Gentlemen:

Prescott Group Capital Management is the holder of 2,641,276 Class A Levitt shares. We write this letter to demand that the members of the Board of Directors of Levitt exercise their fiduciary to abandon Levitt’s currently proposed coercive rights offering.

Many of the minority holders of Levitt shares will be economically unable to participate in this offering and are thus required to effectively sell 5/6th of each share they own for the price of $2.00. Since you, as a Board, have specifically chosen to make the rights non-transferable, a non-participating holder is unable to realize value for their rights, even though a transferability provision could have been included by you at no additional economic cost to the Company.

The independent members of the Board, as a result of the BFC Financial (BFC) merger special committee, are keenly aware that a $2.00 sales price is grossly inadequate. While management claims that this is a fair way for the Company to raise money, the reality of the situation is that BFC intimately understands the value of Levitt and possesses voting control, yet minority holders must increase their Levitt investment an unheard of 5 times in an environment replete with lack of valuation data and poor corporate governance practices. BFC has even denied minority shareholders the right to realize the value of their shares through transferable rights, a device that clearly serves no legitimate purpose. As a result of the foregoing lack of information and denial of value, the transaction must be reviewed in accordance with the entire fairness doctrine — a review the transaction cannot withstand.

Not only is the harm to non-BFC shareholders self-evident, the alleged benefit to the Corporation is far from compelling. Levitt’s recently filed Form S-3 candidly admits that the proceeds from this financing may not even be used in the troubled Levitt & Sons building subsidiary. No data is presented to justify the alleged need for 5 times capital. Furthermore, management has failed to explain the need for such massive dilution given the liquidity that is available from the sale of the Company’s freely tradable Bluegreen shares as well as the Company’s Core Communities commercial real estate power center (which, though not disclosed to the public, appears to have been already sold in principle).

Page 13 of 15

September 14, 2007
Page #2

All of this leads to the inevitable conclusion that certain members of the management of Levitt, with a myriad of conflicts of interest, may be using this rights agreement to effect a de facto merger of Levitt into BFC. BFC could, in theory, increase their ownership in the value of Levitt from approximately 16% today to as much as 86%. Even if BFC only participates to the extent of their 5 times commitment, there is a high probability that BFC will obtain majority control of the Class A shares since few existing holders will participate to the maximum extent required for non-dilution. If a de facto merger does in fact occur, a great number of shareholders, such as ourselves, may be forced to exercise their appraisal rights under Florida law in order to recognize true value for their shares.

We know of no Levitt investors other than BFC that favor this transaction. We find Mr. Levan’s comment that he knows of no major shareholder that has categorically determined that it will refrain from participating to be quite disingenuous. No rational minority shareholder will be making this 5 times investment voluntarily, with participation only the result of simple heavy handed coercion. We believe that a large majority of the non-BFC minority shareholders will vote against enabling this rights financing at the annual meeting, and would urge you to heed the message sent by this upcoming shareholder vote.

In summary, if the transaction is carried out in its current form, we believe that a serious and substantial breach of fiduciary duty will have occurred. Prescott Group Capital Management therefore demands the Board immediately abandon its proposed rights offering in favor of fair, non-dilutive financing to the extent it is economically justified.

Thank you for your time and attention.


	Sincerely,


	Phil Frohlich Manager

Page 14 of 15

ANNEX A


Date	Shares Purchased/(Sold)	Price Per Share	Total Cost
8/1/2007	100	6.64	664
8/1/2007	39,900	6.65	265,343
8/1/2007	40,000	7.05	282,008
8/3/2007	(700)	6.05	(4,234)
8/3/2007	(27,900)	6.00	(167,389)
8/8/2007	(2,500)	5.90	(14,746)
8/8/2007	(1,400)	5.87	(8,224)
8/8/2007	(3,300)	5.89	(19,444)
8/8/2007	(1,600)	5.86	(9,382)
8/8/2007	(200)	5.82	(1,164)
8/8/2007	(11,394)	6.22	(70,862)
8/15/2007	(1,500)	3.48	(5,227)
8/15/2007	(400)	3.60	(1,440)
8/15/2007	(7,600)	3.59	(27,274)
8/15/2007	(1,000)	3.16	(3,162)
8/28/2007	437,098	2.04	891,696
8/28/2007	100,000	2.07	207,008
8/28/2007	150,000	2.08	312,008
8/29/2007	1,243,028	2.02	2,510,957
8/29/2007	600,000	2.04	1,224,016
8/30/2007	3,090	2.06	6,372
9/5/2007	52,613	2.06	108,398
9/5/2007	20,461	2.05	41,954
9/10/2007	14,480	2.06	29,837

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