Question-and-Answer Session
Operator
(Operator Instructions) And our first question therefore comes from Thomas [CashRock] with [CashRock Fitness]. Please go ahead sir.
Roderick Sherwood III
Go ahead Thomas.
Thomas Cashrock – Cashrock Fitness
[Inaudible]
Roderick Sherwood III
Please get closer to your speakerphone so we can hear more clearly. Keep going.
Operator
Mr. [Cashrock]?
Roderick Sherwood III
Okay, are there any other questions?
Operator
Now we’ll take our next question from [Don Merely] also with [CashRock Fitness]. Ms. [Merely]?
Don Merely – CashRock Fitness
Hello.
Roderick Sherwood III
Hi go ahead with your question.
Don Merely – CashRock Fitness
Yes we at [CashRock Fitness] we’re concerned about our reversed stock split?
Roderick Sherwood III
Hi, yes, reversed stock split were will likely occur in connection with the refinancing transaction, I think it is anticipated as one of the steps in that transaction, which really involves a serious of sequential actions that will eventually lead to our reverse stock split.
Don Merely – CashRock Fitness
Do you have a time limit on that?
Roderick Sherwood III
As we said we believe that the refinancing actions and the associated balance sheet restructuring will occur in the second quarter of 2009.
Don Merely – CashRock Fitness
Okay, thank you.
Roderick Sherwood III
Thank you.
Operator
(Operator instructions). I does appears that we have no further questions at this point. Gentlemen I will turn the call back over to you.
Roderick Sherwood III
If that’s the case I wanted to thank you all very much for listening again on the conference call this afternoon. We are proud of the accomplishments in 2008 and early 2009. We look forward to continuing to drive the company forward with momentum over the course of 2009. Thank you very much.
Operator
Once again that does concludes today’s conference. We thank you for your participation and have a wonderful afternoon.
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