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Message: Some Bovespa rules for listing

Listing on the Bovespa requires that the listing co. have five directors all of whom are elected at a general meeting. Of the five directors, two must be independent members.

The listing co. must have at least 25% of the co's. total capital stock as free float (on the Bovespa?)

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Hmmmm. Maybe not a listing right away? Does this sound like a lot more dilution to you?

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