First Hundred Words

Front 1

THE

Back 1

TH-

Front 2

OF

Back 2

OF

Front 3

AND

Back 3

SKW-

Front 4

A

Back 4

A

Front 5

TO

Back 5

TAO

Front 6

IN

Back 6

EUPB

Front 7

IS

Back 7

S-

Front 8

YOU

Back 8

KWROU

Front 9

IT

Back 9

T-

Front 10

HE

Back 10

HAOE

Front 11

WAS

Back 11

WAUZ

Front 12

FOR

Back 12

TPR-

Front 13

ON

Back 13

OPB

Front 14

ARE

Back 14

R-

Front 15

AS

Back 15

AZ-

Front 16

WITH

Back 16

W-

Front 17

HIS

Back 17

HEUZ

Front 18

THEY

Back 18

THAEU

Front 19

I

Back 19

KWR-

Front 20

AT

Back 20

AT

Front 21

BE

Back 21

PWAOE

Front 22

THIS

Back 22

THEUS

Front 23

HAVE

Back 23

SR-

Front 24

FROM

Back 24

TPRAUPL

Front 25

OR

Back 25

OER

Front 26

ONE

Back 26

W*UPB

Front 27

HAD

Back 27

H-

Front 28

BY

Back 28

PWAOEU

Front 29

WORD

Back 29

WURD

Front 30

BUT

Back 30

PWUT

Front 31

NOT

Back 31

TPHAUT

Front 32

WHAT

Back 32

WHAUT

Front 33

WERE

Back 33

WURD

Front 34

WERE

Back 34

WAOE

Front 35

WHEN

Back 35

WH-

Front 36

YOUR

Back 36

KWROUE

Front 37

CAN

Back 37

K-

Front 38

SAID

Back 38

-DZ

Front 39

THERE

Back 39

THR-

Front 40

USE

Back 40

KWRAOUZ

Front 41

AN

Back 41

APB

Front 42

EACH

Back 42

AOEFP

Front 43

WHICH

Back 43

KH-

Front 44

SHE

Back 44

SHAOE

Front 45

DO

Back 45

TKAO

Front 46

HOW

Back 46

HOU

Front 47

THEIR

Back 47

THAEUR

Front 48

IF

Back 48

TP-

Front 49

WILL

Back 49

WEUL

Front 50

UP

Back 50

UP

Front 51

OTHER

Back 51

OERT

Front 52

ABOUT

Back 52

UBT

Front 53

OUT

Back 53

OUT

Front 54

MANY

Back 54

PHA*EPB

Front 55

THEN

Back 55

THEPB

Front 56

THEM

Back 56

THEPL

Front 57

SO

Back 57

SOE

Front 58

SOME

Back 58

SPH-

Front 59

HER

Back 59

HER

Front 60

WOULD

Back 60

W-D

Front 61

MAKE

Back 61

PHAEUBG

Front 62

LIKE

Back 62

HRAOEUBG

Front 63

HIM

Back 63

HEUPL

Front 64

INTO

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TPH-/TAO

Front 65

TIME

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TAOEUPL

Front 66

HAS

Back 66

HAZ

Front 67

LOOK

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HRAOBG

Front 68

TWO

Back 68

TWO*

Front 69

MORE

Back 69

PHOER

Front 70

WRITE

Back 70

WRAOEUT

Front 71

GO

Back 71

TKPWOE

Front 72

SEE

Back 72

SAOE

Front 73

NUMBER

Back 73

TPH-B

Front 74

NOT

Back 74

TPHOE

Front 75

WAY

Back 75

WAEU

Front 76

COULD

Back 76

K-D

Front 77

PEOPLE

Back 77

PAOEPL

Front 78

MY

Back 78

PHAOEU

Front 79

THAN

Back 79

THAPB

Front 80

FIRST

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TP*EURS

Front 81

BEEN

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PWEUPB

Front 82

CALL

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KAUL

Front 83

WHO

Back 83

WHAO

Front 84

OIL

Back 84

OEUL

Front 85

ITS

Back 85

EUTS

Front 86

NOW

Back 86

TPHOU

Front 87

FIND

Back 87

TPAOEUPBD

Front 88

LONG

Back 88

HRAUPBG

Front 89

DOWN

Back 89

TKOUPB

Front 90

DAY

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TKAUE

Front 91

DID

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TKEUD

Front 92

GET

Back 92

TKPWET

Front 93

COME

Back 93

KPH-

Front 94

MADE

Back 94

PHAEUD

Front 95

MAY

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PHAEU

Front 96

100,000 shares of common and 20,000 shares of $2 preferred that is participating

Back 96

PARTICIPATING SHARES get PAID TWICE (once as preferred, and again as if common shares).

20,000 preferred shares each get $2 each (so 40k spent) (only 360k left). So now there are 120k shares to worry about (100k common and 20k participating preferred). So common shares get $3. And participating again
participating preferred gets another $3. So in total participating preferred gets $5 per share.