sec var may know need numbers late next month thought might want early look may one number particularly interesting var total return swaps notice decreased substantially 20 million march 8 million may several deals expired churchill piti guam blackbird reducing risk one new one motown importantly cut back exposure rhythms 5 4 million shares april 4 7 million may stock price continued fall 36 21 16 per share less investment worth less lose send june numbers collect regards eugenio