Sgalambo v. McKenzie et al
Filing
73
MEMORANDUM OPINION & ORDER re: (62 in 1:09-cv-10087-SAS, 62 in 1:09-cv-10087-SAS) MOTION for Settlement and Plan of Allocation of Settlement Proceeds. MOTION for Attorney Fees and Expenses filed by Gino Stroker. For the reasons stated above, plaintiffs' motion for Final Approval of Settlement and Plan of Allocation of Settlement Proceeds is granted. Co-Lead Plaintiffs' Counsel's motion for an Award of Attorneys' Fees and Expenses is granted, but not for the amounts requested. The Clerk of the Court is directed to close this motion [Docket No. 62], this case, and all related cases. (Signed by Judge Shira A. Scheindlin on 11/16/2011) Filed In Associated Cases: 1:09-cv-10087-SAS, 1:10-cv-06024-SAS(cd)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
-------------------------------------------------------------){
IN RE CANADIAN SUPERIOR SECURITIES
LITIGATION
09 Civ. 10087 (SAS)
-------------------------------------------------------------){
This Document Relates To:
ALL ACTIONS.
-------------------------------------------------------------){
SHIRA A. SCHEINDLIN, U.S.D.J.:
Plaintiffs have brought putative securities class actions against
officers of Canadian Superior Energy, Inc. ("Canadian Superior"). On June 9,
2011, the parties filed a Stipulation and Agreement of Settlement ("Stipulation")
that seeks to conclude this litigation. l Following the Court's preliminary approval
of the proposed settlement/ plaintiffs now move for Final Approval of Settlement
and Plan of Allocation of Settlement Proceeds. Co-Lead Plaintiffs' Counsel move
for an Award of Attorneys' Fees and Expenses. A fairness hearing was held on
November 8, 2011, and no objections were raised. For the reasons stated below,
plaintiffs' motion for Final Approval of Settlement and Plan of Allocation of
See Docket No. 59. The terms of the StipUlation are incorporated into
this Order by reference. All capitalized terms not defined in this Order have the
meaning given to them in the Stipulation.
2
See Docket No. 60.
-1
Settlement Proceeds is granted. Co-Lead Plaintiffs' Counsel's motion for an
A ward of Attorneys' Fees and Expenses is granted, but not for the amounts
requested.
I.
CLASS CERTIFICATION
For purposes of settlement only, the Court finds that the prerequisites
for a class action under Federal Rule of Civil Procedure 23(a) and (b)(3) have been
satisfied in that: (a) the number of U.S. Class Members is so numerous that joinder
of all members thereof is impracticable; (b) there are questions of law and fact
common to the U.S. Class; (c) the claims of the U.S. Lead Plaintiff are typical of
the claims of the U.S. Class he seeks to represent; (d) the U.S. Lead Plaintiff has
and will fairly and adequately represent the interests of the U.S. Class; (e) the
questions oflaw and fact common to the members of the U.S. Class predominate
over any questions affecting only individual U.S. Class Members; and (f) a class
action is superior to other available methods for the fair and efficient adjudication
of the controversy.
Pursuant to Rule 23 and for purposes of the Settlement only, this
Court hereby finally certifies the U.S. Action as a class action on behalf of all
individuals and entities who purchased or otherwise acquired Canadian Superior
common stock between January 14,2008 and February 17,2009, inclusive, other
-2
than members of the Canadian Class and Excluded Persons. Included within the
definition of Excluded Persons and excluded from the U.S. Class are the
individuals and/or entities who have requested exclusion from the U.S. Class by
filing a timely and valid request for exclusion as listed on Exhibit 1 annexed
hereto.
II.
NOTICE
Notice of the pendency of the U.S. Action as a class action and of the
proposed Settlement was given to all U.S. Class Members who could be identified
with reasonable effort. The form and method of notifying the U.S. Class of the
pendency of the U.S. Action as a class action and of the terms and conditions of the
proposed Settlement met the requirements of Rule 23, Section 21D(a)(7) of the
Securities Exchange Act of 1934, 15 U.S.C. §78u-4(a)(7), as amended by the
Private Securities Litigation Reform Act of 1995 (the "PSLRA"), Rule 23.1 of the
Local Rules of the Southern and Eastern Districts of New York, and due process,
and constituted due and sufficient notice to all individuals and entities entitled
thereto.
III.
APPROVAL OF SETTLEMENT
I find that the proposed settlement is fair, adequate, and reasonable
and in the best interests of the U.S. class. Initially, a strong presumption of
-3
fairness attaches because the settlement was reached by experienced counsel after
arm's length negotiations. 3 In addition, the Grinnell factors weigh in favor of
approving the settlement. 4
First, the complexity, expense, and duration of the litigation justify
the settlement. The litigation would likely be lengthy and relatively expensive as
many of the witnesses are located in Canada. There would be technical questions
concerning oil exploration efforts off the coast of Trinidad and Tobago, which
would require expert discovery and testimony. Second, the reaction of the class
weighs in favor of settlement - no objections have been made, and only three Class
Members have opted out of the settlement. Third, the stage of proceedings favors
settlement
although there has been no formal discovery, plaintiffs' counsel have
done an adequate factual investigation to be thoroughly apprised of the merits of
their case.
Fourth, the risk of establishing liability favors settlement. Although
plaintiffs survived a motion to dismiss, defendants could raise several defenses that
would pose serious obstacles on summary judgment - specifically, defendants
3
See Wal-Mart Stores, Inc. v. Visa US.A., Inc., 396 F.3d 96, 116 (2d
Cir. 2005) .
See City ofDetroit v. Grinnell Corp., 495 F .2d 448, 463 (2d Cir.
1974), abrogated on other grounds by Goldberger v. Integrated Res., Inc., 209
F.3d 43 (2d Cir. 2000).
4
-4
contend that (a) the statements at issue were speculative and forward looking; (b)
the defendants did not make the statements or omissions with the requisite scienter;
and (c) plaintiffs would have difficulty establishing that their losses were caused
by defendants' alleged misrepresentations. Fifth, plaintiffs would have difficulty
quantifying and proving the amount of their damages.
Sixth, the risk of maintaining the Class Action through trial favors
settlement. Defendants would oppose class certification, and the settlement avoids
defendants raising "intractable management problems" as a defense to class
certification. s Seventh, the settlement is reasonable in light of the best possible
recovery and the attendant risks of litigation. The settlement provides an
immediate payment to the Class of a settlement that constitutes 8.5% of "Lead
Plaintiff's most aggressive estimate of maximum provable damages.,,6 Although
not a spectacular recovery, it does exceed the average recovery in shareholder
litigation. 7 Eighth, the ability of defendants to withstand a greater judgment
weighs heavily in favor of settlement. Canadian Superior is in receivership. The
S
Amchem Prods., Inc. v. Windsor, 521 U.S. 591,620 (1997).
6
Lead Plaintiff's Memorandum of Law in Support of Motion for Final
Approval of Settlement and Plan of Allocation of Settlement Proceeds at 16.
See Ellen M. Ryan, Laura E. Simmons, Securities Class Action
Settlements, 2010 Review and Analysis, at 5 (Cornerstone Research 2011).
7
-5
only source of recovery is the directors' and officers' liability insurance policy,
which was wasting away each day.
Accordingly, the Settlement is approved as fair, reasonable, and
adequate. The U.S. Action is hereby dismissed in its entirety with prejudice and
without costs.
IV.
PLAN OF ALLOCATION
The Plan of Allocation is approved as fair and reasonable, and
plaintiffs' counsel and the Claims Administrator are directed to administer the
Stipulation in accordance with its terms and provisions. Without further order of
the Court, the parties may agree to reasonable extensions of time to carry out any
of the provisions of the Stipulation.
V.
ATTORNEYS' FEES AND EXPENSES
Co-Lead Plaintiffs' Counsel requests $109,787.62 in expenses on
behalf of all of plaintiffs' firms. In support of these expenses, Co-Lead Plaintiffs'
Counsel has submitted a summary expense report for each firm. 8 These costs
See 9/2111 Declaration of Jeffrey A. Berens, plaintiffs' counsel, Filed
on Behalf of Dyer & Berens LLP in Support of Application for Award of
Attorneys' Fees and Expenses ("Berens Decl.") at 1-2; 9/1/11 Declaration of
Michael L Fistel, Jr., plaintiffs' counsel, Filed on Behalf of Holzer Holzer & Fistel
LLC in Support of Application for Award of Attorneys' Fees and Expenses
("Fistel Decl.") at 2; 9/13/11 Declaration of Ellen Gusikoff Stewart Filed on Behalf
of Robbins Geller Rudman & Dowd LLP in Support of Application for Award of
Attorneys' Fees and Expenses ("Stewart Decl.") at 2-3.
8
-6
include routine expenses relating to copying, court fees, postage and shipping,
phone charges, legal research, and travel and transportation. The bulk of the
expenses relate to experts, consultants, and investigators. 9 No objections were
filed to these expenses. The expenses total approximately two percent of the
Settlement Amount.
I find that these expenses are reasonable. These expenses, particularly
those attributable to professional services, were a contributing factor to achieving
the settlement. 1O Accordingly, I grant plaintiffs' counsel $109,787.62 in expenses,
plus interest on such amount at the same rate as that earned by the Gross
Settlement Fund.
In addition to expenses, Co-Lead Plaintiffs' Counsel also request a fee
of thirty percent of sixty percent of the Settlement Amount, or $936,000, for U.S.
counsel. 11 Although I intend to use the percentage method to award fees in this
9
See Stewart Decl. at 2.
See In re Global Crossing Sec. & ERISA Litig., 225 F.R.D. 436,468
(S.D.N.Y.2004).
10
See Co-Lead Counsel's Memorandum of Law in Support of Motion
for an Award of Attorney's Fees and Expenses at 17. In addition, Canadian
Counsel are requesting twenty-five percent of forty percent of the Settlement
Amount, or $520,000. See id. at 1 n.2. Due to the greater amount of work
expended by U.S. Counsel, I find that the sixty-percent/forty-percent split of fees
between Canadian Counsel and U.S. Counsel is reasonable.
11
-7
matter, the lodestar is often used as a cross-check. Co-Lead Plaintiffs' Counsel
represent that the aggregate loadstar for all plaintiffs' firms is $760,006.25 for
1,654.4 hours. 12 Because the lodestar is being used merely as a cross-check, it is
unnecessary for the Court to delve into each hour of work that was performed by
counsel to ascertain whether the number of hours reportedly expended was
reasonable. \3 After reviewing the supporting declarations, which include a
summary of the hours expended by and the billing rates for every attorney,
paralegal, and staff member that worked on this litigation, I find that $760,006.25
is a reasonable lodestar for the time expended by plaintiffs' firms.
I further find that a fee of twenty-five percent of sixty percent, or
$780,000, is reasonable after assessing the Goldberger factors. First, I find that
the time and labor expended by plaintiffs' counsel support a twenty-five percent
fee. As noted, plaintiffs' counsel have invested approximately 1,650 hours in these
actions. They also expect additional time to be expended administering and
distributing the settlement funds. However, there was no formal discovery in these
12
See id. at 17; see also Stewart Decl. at 1; Berens Decl. at 1; Fistel
Decl. at 1.
See Goldberger, 209 F.3d at 50 (citing In re Prudential Ins. Co. Am.
Sales Litig., 148 F.3d 283,342 (3d Cir. 1998) ("Of course, where [the lodestar is]
used as a mere cross-check, the hours documented by counsel need not be
exhaustively scrutinized by the district court.").
13
-8
actions. Due to the early stage of this litigation, a lower fee of twenty-five percent
fee is appropriate.
Second, while these actions, like all securities class actions, would
likely have required expert discovery and motion practice, this action is not on the
large side of securities litigations. It focused on alleged misstatements and/or
omissions concerning discrete issues by officers of one corporation in receivership.
A twenty-five percent fee is reasonable compensation considering the size and
relative simplicity of this litigation.
Third, the risk of this litigation supports a twenty-five percent fee. "It
is well-established that litigation risk must be measured as of when the case is
filed."14 Although there was certainly a risk of plaintiffs receiving nothing in this
action, I do not find that the risk was substantial enough to justify a thirty-percent
fee.
Fourth, I find that plaintiffs' counsel ably represented the interests of
the Class. Still, the Second Circuit has held that "the quality of representation is
best measured by results."15 In this case, although plaintiffs have recovered 8.5%
of the maximum amount of estimated damages, I find that the total recovery of
14
Id. at 55 (citations omitted).
15
Id.
-9
$5,200,000 is not so extraordinary as to justify a thirty-percent fee. In this case,
the result is underwhelming despite counsel's best efforts. This factor weighs in
favor of a fee award of twenty-five percent.
Fifth, I find that a twenty-five percent fee is reasonable in relation to
the settlement. In addition to the fee requested by U.S. Counsel, Canadian counsel
also requested twenty-five percent of forty percent of the Settlement Amount. In
total, plaintiffs' counsel seek at least $1,565,787.62 in fees and expenses. 16 This
figure is not reasonable in light of the settlement. I see no reason why U.S. counsel
should receive a thirty-percent fee while Canadian counsel receive twenty-five
percent. As noted previously, the recovery of $5.2 million is by no means an
overwhelming recovery. A twenty-five percent fee is reasonable in relation to the
settlement.
Sixth, I find that a twenty-five percent fee is adequate to further the
public policy of encouraging private lawsuits to protect investors. Plaintiffs'
counsel will recover their lodestar and all expenses invested in these lawsuits. In
these actions, a significant multiplier of the lodestar is not necessary to further
public policy goals.
This figure represents fees sought by U.S. and Canadian Counsel and
expenses sought by U.S. Counsel. The expenses sought by Canadian Counsel are
not known to this Court.
16
-10
After reviewing the Goldberger factors I award plaintiffs' counsel
fees of twenty-five percent of sixty percent of the Settlement Amount, or $780,000.
I find that the Goldberger factors do not require a multiplier of the lodestar. The
difference between the lodestar and the awarded fee is de minimis.
This fee should therefore adequately compensate
but not
overcompensate - counsel for their time and labor. The award of fees and
expenses are intended to compensate plaintiffs' counsel for all of the time and
labor spent until the conclusion of this litigation, including that associated with the
distribution of the settlement fund. However, I realize that by awarding a fee close
to the lodestar I am not compensating counsel for the risks associated with bringing
these actions. However, the risks here - together with the recovery achieved
do
not warrant additional fees.
VI.
CONCLUSION
For the reasons stated above, plaintiffs' motion for Final Approval of
Settlement and Plan of Allocation of Settlement Proceeds is granted. Co-Lead
Plaintiffs' Counsel's motion for an Award of Attorneys' Fees and Expenses is
granted, but not for the amounts requested. The Clerk of the Court is directed to
close this motion [Docket No. 62], this case, and all related cases.
-11
Dated:
New York, New York
November 16,2011
-12
- Appearances
For Plaintiffs:
David Avi Rosenfeld, Esq.
Samuel Howard Rudman, Esq.
Robbins Geller Rudman & Dowd LLP (LI)
58 South Service Road, Suite 200
Melville, New York 11747
(631) 367-7100
Ellen Anne Gusikoff Stewart, Esq.
Robbins Geller Rudman & Dowd LLP (San Diego)
655 West Broadway, Suite 1900
San Diego, California 92101
(212) 661-1100
Marshall Pierce Dees, Esq.
Michael Ira Fistel , Jr., Esq.
Holzer Holzer & Fistel, LLC
200 Ashford Center North, Suite 300
Atlanta, Georgia 30338
(770) 392-0090
David A.P. Brower, Esq.
Brower Piven
488 Madison Avenue
New York, New York 10022
(212) 594-5300
Lawrence P. Eagel, Esq.
Paul D. Wexler, Esq.
Bragar, Wexler & Eagel, P.C.
885 Third Avenue, Suite 3040
New York, New York 10022
(212) 308-5858
-13
Mark Peter Kindall, Esq.
Schatz and Nobel PC
20 Church Street, Suite 1700
Hartford, Connecticut 06103
(860) 493-6294
Robin Bronzaft Howald
Glancy Binkow & Goldberg LLP (NYC)
30 Broad Street, Suite 1401
New York, New York 10004
(212) 382-2221
For Defendants:
Jack C. Auspitz, Esq.
Jamie A. Levitt, Esq.
Morrison & Foerster LLP (NYC)
1290 Avenue of the Americas
New York, New York 10104
(212) 468-8046/9640
-14
IlIlilll !IIIIIIIII m
IIIIIIIIIIIIIIIIIIIIIIII~IIII illllllllllllllllllllllll~1 ~IIIIIIIII ~~~~~~~~:
~EC
OCT 0 3 2011
CLAIMS CENTER
Exclusion Cover Page
Case Name: Canadian Superior Energy
Case Code: CANADIAN
Exclusion Deadline: 1011 0/20 11 (Postmark Date)
Name of Person Filing Exclusion: Bret & Kimberly Andrews
Exhibit 1
OPT OUT LETTER
FOR
CANADIAN SUPERIOR SECURITIES LITIGATION
Bret Andrews & Kimberly Andrews
Telephone:
20 September 2011
Canadian Superior US Class Action Exclusions
Claims Administrator
clo Gilardi & Co. LLC
PO Box 990
Corte Madera, CA 94976-0990
Dear Sir:
This letter confirms our desire to opt out of the above mentioned class action.
The nwnber of shares of Canadian Superior purchased on the US AMEX exchange from
1/14/2008 211712009: 39200
The number of shares of Canadian Superior sold on the US AMEX exchange from
1114/2008 - 2/1712009: 39200
Detail (broker statements enclosed):
Date
1117/2008
2/4/2008
2/13/2008
3/512008
3/10/2008
3/12/2008
~
purchase
purchase
purchase
sale
sale
sale
#shares
11000
17000
11200
9000
9400
20800
Page 1
9/20/2011
Capital gains
Multiple Investment Accounts
Short-Tenn Gains
Canadian Superior Energy Inc
Canadian Superior Energy Inc
Canadian Superior Energy Inc
Canadian Superior Energy Inc
Canadian Superior Energy Inc
Canadian Superior Energy Inc
Canadian Superior Energy Inc
Total Short-Term Gains
Grand Total
9,000
'2,000
7,400
9,600
900
9,100
1,200
1/17/2008
1/17/2008
2/4/2008
2/4/2008
2/13/2008
2/13/2008
2/13/2008
3/5/2008
3/10/2008
3/10/2008
3/12/2008
3/12/2008
3/12/2008
3/12/2008
30,149.66
6,579.93
24,345.72
32,159.64
3,014.97
30,029.66
3,959.96
130,239.54
32,490.00
7,220.00
26,122.00
33,888.00
3,150.00
31,850.00
4,176.00
138,896.00
(2,340.34)
(640.07)
(1,776.28)
(1,728.36)
(135.03)
(1,820.34)
(216.04)
(8,656.45)
130,239.54
138,896.00
(8,656.46)
m
AMERITRADE
Statement Reporting Period:
02/01/08 - 02/29/08
Apex
Statement for Account
10-669-3900
) AMERITRAOE
VISION OF TO AMERITRAOE INC
) BOX 2209
vlAHA, NE 68103-2209
'otal
Prior
Value
Current
Value
westment
lands
1argin Loan
1MDA
10ney Market
:hart Balance
;tocks
:hort Stacks
)ptions
:hart Options
1utual Funds
)ther
Period
Change
Portfolio Summary
%
Estimated
Income
Change
1,860,225.86
$
4,040.63
$
(12,961.15)
Announcements:
(12,978.10)
(324,525.19)
(14.9)%
Estimated
Yield
Portfolio
Allocation
Portfolio Allocation
(100.0)%
2,184,751.05
RETIREMENT PLANNING IS EASIER WITH
OUR NO-HASSLE APPROACH AND FREE
CONSULTATIONS AT OUR 100 NATIONWIDE
BRANCHES. OPEN AND FUND AN EASY IRA
ATTDAMERITRADE.COMIlRA BY APRIL 15
AND RECIEVE POTENTIAL TAX SAVINGSI
(320.8)%
12,978.10
$
(8,920.52)
$
0.5%
18,328.32
1.0%
Margin Loan
0.5%
99.5%
Stocks
99.5%
$1,851,305.34
'argin equity
$2,201,769.78
(15.9)%
$18,328.32
1.0%
Income & Expense Summary
Current
)penlng balance
iecurities Purchased
iecurities Sold
:unds Deposited
unds Disbursed
lcome
:xpense
>ther
($350,464.44)
100%
100.0%
ash Activity Summary
:Ioslng balance
~
KIMBERLY JANE ANDREWS &
BRET WILLIAM ANDREWS COMMUNITY PROP
YTD
$4,040.63
(124,260.00)
430,857.60
78,770.00
(412,000.00)
700.00
(13.23)
12,984.48
$45.50
(1 ,678,472.81)
1,529,300.28
139,770.00
(413,000.00)
9,914.33
(13.23)
403,535.41
($8,920.52)
($8,920.52)
page 1 of 9
Performance Summary
Taxable Non-Taxable
Income
Dividends
Interest
Other
Expense
Interest
Fees
Other
Net
YTD
YTD
Cost Basis As Of - 02129/08
$700.00
$
$9,820.46 Unrealized Gains
93.87 Unrealized Losses
Funds Deposited/(Disbursed)
Income/(Expense)
(13.23) Securities
Received/(Delivered)
(13.23)
$686.77
$0.00
$9,901.10
$1,590,339.71
283,118.15
{13,232.00)
(273,230.00)
9,901.10
0.00
Statement for Account
02/01/08 ~ 02129108
Income Summary Detail
Current
$ 10,939.55
0.00
(13.23)
700.00
6.38
)escrlptlon
)rdinary Dividends
nterest Income Credit Balance
Aargin Interest Charged
lualified Dividends
Aoney Mkt Fund Div
Year to Date
$ 0.01
93.87
(13.23)
700.00
230.22
Account Positions
rlvestment Description
Average
Cost
Unrealized
Gain(Loss)
Annual
Income
Yield
$ 55.73 $103,645.50
$ 4,055.52
1.0%
38.24
(2,520.00)
5,234.88
3.5%
215,540.95
19.42
22,776.05
128,184.00 01/17/08
138,896.00
3.54
(10,712.00)
3.85
413,105.00 10/11/07
373,353.57
3.48
39,751.43
11,000
24.50
269,500.00 01/17/08
239,133.67
21.74
30,366.33
6,160.00
2.3%
700
259.01
181,307.00 09/29/06
99,529.92
142.19
81,777.08
2,430.1-1
1.3%
2,100
42.95
17.18
90,195.00 09/29/06
86,041.00
40.97
4,154.00
447.80
0.5%
1,322.86 05/13/05
675.10
8.77
647.76
Purchase
Date
Cost
Basis
Symbol!
CUSIP
Quantity
Current
Price
XLE
5,100
$ 76.05
XLU
4,000
37.61
150,440.00 08/17107
152,960.00
BDE
11,100
21.47
238,317.00 11127/07
SNG
39,200
3.27
CHQ
107,300
GPI
ILF
Market
Value
itocks • Margin
,MEX SPDR INDEX
:NERGY SELECT INDEX
\MEX SPDR INDEX
ITILITIES SELECT INDEX
lOIS D'ARC ENERGY LLC
:OM
:ANADIAN SUPERIOR
:NERGY INC
;OM
;HALLENGER ENERGY CORP
;OM
;ROUP 1 AUTOMOTIVE INC.
$ 387,855.00 09/29/06 $284,209.50
~OM
SHARES
;&P LA TIN AMERICAN 40
\JDE)( FD
'OWERSHARES QQQ
QQQQ
'ETRA TECH INC DEL COM
TTl
77
'otal stocks
$1,860,225.86
$1,590,339.71
$269,886.15
$18,328.31
1.0%
'otal Margin account
$1.860,225.86
$1,590,339,71
$269,886.15
$18,328.31
1.0%
page 20f9
-
Statement for Account
02/01/08 - 02129108
Account Activity
'rade
late
Settle
Date
Symboll
Cusip
Account
Type
Transaction Description
)pening balance
12101/08 02/01/08 Cash
Journal
02104/08 Cash
Journal
MOVE CASH BALANCE TO
MARGIN
1/29/08
02101/08 Margin
Sell
MICROSOFT CORP COM
1/29/08
02/01/08 Margin
Sell
1/29/08
1/29/08
02/01/08 Margin
02/01/08 Margin
02101/08 Margin
Sell
Sell
Journal
VANGUARD INDEX TRUST
VIPERS MSCI US SM CAP
GROWTH
PROCTER GAMBLE CO COM
BOIS D'ARC ENERGY LLC COM
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
2/01/08
Price
Amount
Balance
$4,040.63
STOP PAYMENT FEE REVERSAL
779884501
2104/08
Quantity
)
$ 0.00
$ 25.00
4,065.63
0.00
(25.00)
4,040.63
MSFT
VBK
4,500-
32.60
146,698.38
1,500-
64.40
96,598.93
150,739.01
247,337.94
PG
BDE
2,000-
64.79
18.58
129,578.57
9,289.89
376,916.51
386,206.40
0.00
(386,206.40)
0.00
500-
2/01/08
02/01/08 Margin
Journal
112
0.00
(25.00)
(25.00)
2/01/08
02/01/08 Margin
Ck#
TD BANK USA CHECKING Check
#:114
0.00
(400,500.00)
(400,525.00)
1/30108
02/04/08 Margin
Buy
CHQ
3.98
(25,074.00)
(425,599.00)
2/04/08
02104/08 Margin
Journal
0.00
25.00
(425,574.00)
2/04/08
02/04/08 Margin
Journal
CHALLENGER ENERGY CORP
COM
MOVE CASH BALANCE TO
MARGIN
REDEMPTION TDAM MONEY
MARKET PORTFOLIO SE
0.00
399,184.50
(26,389.50)
2104/08
02104/08 Margin
Received
APARTMENT INVT &MGMT CO
COM
Stock Div\Split on 5000 Shares
Reinvestment Price 10.00
Payable: 01/31/2008
AIV
2104108
02/04/08 Margin
Div/lnt
APARTMENT INVT &MGMT CO
COM
CREDIT CASH IN LIEU
Payable: 01/31/2008
Ordinary Dividends 30.97
AIV
2/05/08
02106/08 Margin
ACH IN
page 3 of 9
6,300
219
0.00
(26,389.50)
0.00
30.97
(26,358.53)
0.00
77,480.00
51,121.47
Statement for Account
02/01/08 - 02129108
Account Activity
rrade
late
Settle
Date
Account
Type
Transaction Description
)2106/08
02106/08 Margin
Journal
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
)2104/08
02107/08 Margin
Sell
)2/04/08
02107108 Margin
Sell
APARTMENT INVT &MGMT CO
COM
APARTMENT INVT &MGMT CO
COM
)2104/08
02107/08 Margin
Buy
CANADIAN SUPERIOR ENERGY
INC
COM
)2107/08
02107/08 Margin
Journal
)2/13/08
)2/t3/08
Symboll
Cusip
Quantity
Price
0.00
40.6001
Amount
(51,121.47)
Balance
0.00
771.39
771.39
40.60
8,119.91
8,891.30
3.53
(60,010.00)
(51! 118.70)
REDEMPTION TDAMMONEY
MARKET PORTFOLIO SE
0.00
51,118.70
02/14/08 Margin
ACH OUT - 0211312008 04:57PM
0.00
(500.00)
(500.00)
ACH IN
0.00
Journal
0.00
)2/15/08
02115108 Margin
Div/lnt
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
PROCTER GAMBLE CO COM
Payable: 02115/2008
QUALIFIED DIVIDENDS 700.00
1,290.00
(790.00)
790.00
)2/14/08
02114108 Margin
02114108 Margin
0.00
700.00
700.00
)2115/08
02115/08 Margin
Journal
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
0.00
(700.00)
)2113/08
02/19/08 Margin
Buy
CANADIAN SUPERIOR ENERGY
INC
COM
SNG
10,000
3.50
(35,000.00)
(35,000.00)
)2113/08
02/19/08 Margin
Sell
AMEX SPDR INDEX
UTILITIES SELECT INDEX
XLU
1,000-
39.77
39,769.56
4,769.56
)2/13/08
02/19/08 Margin
Buy
CANADIAN SUPERIOR ENERGY
INC
COM
SNG
1,200
3.48
(4,176.00)
593.56
)2/19/08
02119108 Margin
Journal
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
0.00
(593.56)
0.00
)21.27108
02128/08 Margin
ACH OUT - 02127/2008 04:58PM
0.00
(11,000.00)
}2128/08
02128/08 Margin
REDEMPTION TDAM MONEY
MARKET PORTFOLIO SE
0.00
2,086.33
Journal
page4of9
AIV
19-
AIV
20017,000
SNG
PG
0.00
0.00
0.00
(11,000.00)
(8,913.67)
Statement for Account
#_
02/01/08 - 02/29/08
Account Activity
'rade
)ate
Settle
Date
'2/28/08
02128/08 Margin
Div/lnt
2129/08 02129/08 Margin
Div/lnt
Account
Type
Transaction Description
TDAM
MONEY MARKET PORTFOLIO
SELECT
Money Market Fund Dividends
Payable: 02129/2008
Money Market Fund Divi 6.38
MARGIN INTEREST CHARGE
Payable: 02129/2008
Symbol/
Cuslp
Quantity
ZTD89
Amount
Balance
0.00
6.38
(8,907.29)
0.00
(13.23)
(8,920.52)
Price
balance
,agln Date
2/01/08
2/04/08
2128/08
2/29/08
Marglll~~I~nce
$ (1,315.50) $
(26,358.53)
(8,907.29)
(8,920.52)
TO AMERITRADE Cash Interest Credit/Expense
Number
Credit Balance
of Days
Interast Rate
3
6.75
2
6.25
1
6.75
1
6.75
otallnterest income/(expense)
,egin
$13.23
Date~alance
2106/08
2107108
2/08/08
2/11/08
2/12108
2/13/08
2/14/08
2115/08
2119/08
2/20108
2/21/08
2122108
2/25/08
2/26/08
Interest Debited
$ 0.74 $
9.15
1.67
1.67
$ 51, 121 .47
2.77
2.77
2.77
2.77
2.77
792.77
1,492.77
2,086.33
2,086.33
2,086.33
2,086.33
2,086.33
2,086.33
page 5 af9
Money Market Fund Account Interest Credited
Number
of Days
Interest Rate
Interest Accrued
1
3.1315
$ 4.39
1
3.0998
3
3.0936
1
3.0733
3.0541
1
1
3.0419
1
3.0212
0.06
4
2.9305
0.48
1
2.8909
0.17
1
2.8252
0.16
1
2.8151
0.16
3
2.7943
0.48
1
2.7847
0.16
1
2.7820
0.16
MTD Accrued
$ 4.39
4.39
4.39
4.39
4.39
4.39
4.45
4.93
5.10
5.26
5.42
5.90
6.06
6.22
Intarest Credited
$ 0.00
MTDPAID
$
Statement for Account.~
02/01/08 - 02129108
3e91" Date
)2/27/08
Money Market Fund Account Interest Credited
Number
of Days
Interest Rate
Interest Accrued
1
2.7730
0.16
Balance
2,086.33
MTD Accrued
6.38
$6.38
rotallnterest income
nvestment Description
\MEX SPDR INDEX
JTILITIES SELECT INDEX
,PARTMENT INVT &MGMT CO
MTD PAID
6.38
co
Account Symbol!
Type
CUSIP
Margin
XLU
Margin
Positions Closed This Period
Purchase
Cost
Quantity
Date
Basis
1,000
08/17/07
$ 38,240.00
AIV
rota I
$38,240.00
Sales
Proceeds
$ 39,769.56
Realized
Galn(Loss)
$ 1,529.56 ST
02101108
02/01/08
Sale
Date
02/13/08
30.97
$39,800.53
%
30.97 ST
$1,560.53
Gain(Loss)
4.0%
Trades Pending Settlement
nvestment Description
3ELL
Account Symbol!
TYPit
CUSIP
Margin
XLU
page 6 of9
Quantity
4,000
Trade
Price Date
$ 38.85
02/28/08
Settle
Date
03/04108
Amount
$ 155,398.29
Statement for Account _
02101/08 • 02129/08
)ate
Check
:Ieared
Number
)pening balance
12/01/08
Date
Written
Transaction
02/01/08
Received
12/04/08
02/04/08
Delivered
12106/08
02/06/08
Received
12/07/08
02/07108
Delivered
'2/14/08
02/14/08
Received
12115/08
02115/08
Received
12/19/08
02/19/08
Received
12128/08
02/28/08
Delivered
Money Market Fund Account Activity
Tracking
Descri~tlon
Code
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Purchase Tdam.Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Money Market
Portfolio Se
Expense
Code
Amount
Balance
$12,978.10
$ 386,206.40
399,184.50
(399,184.50)
0.00
51,121.47
51,121.47
(51,118.70)
2.77
790.00
792.77
700.00
1,492.77
593.56
2,086.33
(2,086.33)
0.00
$ 0.00
:Ioslng balance
Important Information
Keep this statement for income tax purposes
page 7 of 9
#_
Statement for Account
02/01/08 - 02129108
Important Information
he above prices are provided only as a general guide to value your portfolio. Current quotations are available through TO AMERITRAOE. Certificates of deposit
re priced at market prices. Sale of bonds prior to maturity may result in a loss of principal. Mortgage backed positions are valued using the remaining balance and
Ie current market price.
on-Standard Assets: This statement shows all assets in your account including certain direct investments that may be held by a third party. TO AMERITRAOE Is
Jt responsible for third-party Information, including the valuation of certain non-standard assets. The price shown represents an estimated value that is provided by
" annual report or other source. The estimated value of these assets may not be realized when you try to liquidate the position. Assets held by a third party are not
)vered by the Securities Investor Protection Corporation (SIPC)
page 8 of9
Portfolio Report Guide
AMERITRADE provides monthlY Portfolio Reports for accounts with activity and quartal1y
oorts for If\actlve accounts with assets. 1
rtIOllo Summ ary
ICks the current value of your portfolio ss of the nsport dete and compares It to the prior
nth) The
a.... t allocaUon Indicate. your portfolio dlversl1ication by Investment type.
I~ple allocations unde,r
5% will be grouped Into the category of ·Other" In the pie chart.
",In Equity .. Total Ac<:ount Equlty/(Tolal Long Marglnable Value + Total Short Value)
livIty Summary
,opening and closing cash balances are reconCiled here for your quick reference, All
:aunt activity Is summarized for the current perkld and year-te-data.
om. & Exp.ns. Summary (non-IRAa only)
,section details the Income and expense IOtals from the Actlvlly Summery and clauifie.
lax treatment.
IIr.ment Accoun! Summary (IRAe only)
,lew the IRS regulated transactions lor the current and prior yeans. IRS Form 549B fair
rketvalue ill based on the current vatue as 01 December 31 of the previous year end wilt be
Iished to the Intemal Revenue Service.
'forman..,. Summary
nltor your annual portfolio performance and the unrealized gains and losses lor your future
,atment stretegy.
loun! Poaltlon.
w your Investments at the currenllnllrket value and compare the original cost to s...
oali2:ed gains and losoes In your portfolio. Original cost Is aslgned using the first-In, finst-out
:0) method, which assumes the first share. you sail are those you purchased finst. The
mated Investment Income 2 and average cost per share are displayed lor your relerence (the
Ht purchase date Is shown lor an indication alyour holding penod).
TO AMERIl HADE
TO AMERITRAOE does not pw.ide ~ legal, orlBX atMce. Please consult your legal
adWIor or !aX aa;:ountant wI'Ien nec.eIISaIY. As a standard industJy pradice, phOne COI'MInsations
may be reca:ded for quailty (XltlII'o1 and trBrtsactIon ",rlftcation purposes.
For TO AMERITRADE lnstibJIjonal clients, your 8d<.ldera ('Pro'oidera") do not guamnlM the
accuracy of tI1e Inlormation and data p""';ded. CCH INCORPORATED Is a separate company and
is not affiliated with TO AMERITRADE .
Margln and 0pII0na Account Agreements
PItIITIp1Iy acMse TO AMERITRAOE In wrtting of any cI1ange in your in_!ment objectM>s or
financial sibJeeon as they pedain ID your margin or options account agRIBments. A summary of
commissions and cI1a..,es Incurred wtth!he e>ecutlon of options transactions Is available.
Current Market Pricft
The marlee! 'o'lIlues of aecurilies tts.... been obl8lned, awlIable, from quotadon SeMces and other
Independent sourt:eS, Values are based on the doSing price, the mean between !he bid and asldng
prices, or 0Iher melhoda. Non-f>riced securities are indlc:al!ld by 'NP" and may I!ffect sl:alement
balances and 1D1aIs. The IIQ/uatIons on your pocttolIo !aport are pn;Mded as gooll!l!llnfomle1ion and
we do not gullf1lnlee the IIICCUI'IICY of any securtties prices.
n
'ue to rOlJnding adjustments, tI1e statement details may not equal the statement tolals.
sUrriated Annuel tnccme and EsUmatad Annual Yield values are based upon the number of
,rea owned as of the .tatement date and the most recent dividend rata provided
Dlsclm;ures
All transecllons are subject to (I) tl\e constitution, rules, mgulatlons, customs
and usages of the exchange or rnarle"t, and 1111 clearinghouse, II any, on which
such transactions ans executed; (II) lederallaws, Including the Securides Act of
1933 and the Securities Exchange Act 01 1934, each as amended to dab!! and
In the luture, and the nula. and r..guladono promulgated thereu nder; and (III) the
rules and regulations of the NASD end the Federal Reserve System.
For en Investor brochure that IncludeS Information describing !l1e NASD's
Public Discioauns Program. please contact the NASD at 800-289-9999 or
WYIW.naSdr.CQm,
m
The Interest rata shown for
AMERITRAOE Cash i. taken from the
applicable Interest rate tier for !he Market Value bala nee In the
AMERITRAOE Cash, .s 01 the statement closing date. Simple interest i.
accrued dally baled on the InlBrst rate tier applicable to each day'. balanea.
Interest rateo on TO AMERITRAOE Cash balanC1lla are baoed on tiers as
delermlned by balances held In those sweep vehicles •• lollows: $.01 to
$1 ,999, $2,000 to $9,999, $10,000 to $24,999, $25,000 to $99,898, $100,000
and above
m
The annual percentage yiald aarned lor the statement perloo on
Account Prototdlon
Deposits made into II TO Bank USA. NA Money Me",et Deposn Account are Insured by Itte FDIC
(not t:XNered by SIPC) up Il:l $100,000 per deposIlor (up to $250,000 of prolllction ror the COfI'Ibined
tJ:lIal of the traditional and RottliRAs. seIf-directed Keogh. and cet1llln ottler I8lirement acoounlll).
Securities. including mutlJal lunds. held In your Brokerage ACCOlJnt am nol deposits or obligations
of, Of guaranlMd by, any bank, are not FDlCinsured. and in\Q!", In_tmenl riSKS, including
pouibIe lOss of principal. TO AMERITRADE. Inc. Is a membet 011119 Sacurities In_tor ProleC1lon
Corporation. Securtties in your account PI'OlOCIl'Xi up to $500.000. For details, pl...... e ...sil
wwwJllpo.orgorc.alt(202)371-8300. Up Il:l an eggregate of 250 million of additiorW securilie&
protection, of whiGtl $900,000 may be applied Il:l cash, Is ~ by London insu","" also hmited
ID a combined return 10 any client from a Trustee, SIPC and London 01 S15() million. This co.erage
prtMdes you pmIecIIon against brokerage Insoil....1ICY and does not protect against loss in m9l1f'lolIIIded Real Estate In~nl Trusts are ganetaJly UUquid and hINo
no public marlt:els; amualllllluations an; obtained !!om a third party or the general pMner. The
8OO:II1dety1Tl8ll<&tforCelll!lcaIBII of Deposits (CDs) Is generally IIllquld and theptions
ihort Options
~utual Funds
'otal
0.9%
78.1%
78.1%
$981,257.34
$1,851,305.34
($870,048.00)
(47.0)%
$12,727.44
1.3%
100%
72.0%
ash Activity Summa
Income & Expense Summary
Current
:.oslng balance
12,727.44
Stocks
Nargin equity
)pening balance
iecurities Purchased
lecurities Sold
:.unds Deposited
;unds Disbursed
rlcome
:xpense
)ther
(26.7)%
YTD
($8,920.52)
$45.50
(1,678,472.81)
1,944,815.67
286,570.00
(1,348,502.63)
11,454.33
(1,803.90)
403,546.50
($382,347.34)
415,515.39
146,800.00
(935,502.63)
1,540.00
(1,790.67)
11.09
($382,347.34)
page 1 of 7
Performance Summa
Taxable Non-Taxable
Income
Dividends
Interest
Other
Expense
Interest
Fees
Net
$1,540.00
YTD
YTD
Cost Basis As Of - 03/31/08
$11,360.46 Unrealized Gains
93.87 Unrealized Losses
Funds Oeposited/(Oisbursed)
Income/(Expense)
(1,803.90) Securities
$
(1,790.67)
Received/(Oeliver~d)
($250.67)
$0.00
$9,650.43
$1,173,300.71
209,567.54
(19,263.57)
(1,061,932.63)
9,650.43
0.00
Statement for Account ~
03/01/08 - 03/31/08
Apex Savings
Your Apex status continues to save you money. You saved an estimated $50.00 in service fees this month.
Free acess to NASDAQ Level It, Streaming News and Advanced analyzer saves you $59.97 per month in subscription fees.
Income Summary Detail
Current
$ 0.00
0.00
(1,790.67)
1,540.00
11.09
)e.cMptlon
)rdinary Dividends
i'lterest Income Credit Balance
~argln Interest Charged
lualified Dividends
~oney Mkt Fund Div
Year to Date
$ 0.01
93.87
(1,803.90)
2,240.00
241.31
Account Positions
r'lvestment Description
Symbol!
CUSIP
Quantity
Current
Price
XLE
5,100
$ 74.06
BDE
9,100
21.49
195.,559.00 11/27/07
176,398.95
19.38
19,160.05
CHQ
107,300
3.30
354,090.00 10/11/07
373,353.57
3.48
(19,263.57)
G?I
11,000
23.48
258,280.00 01/17/08
239,133.67
21.74
ILF
700
252.50
176,750.00 09/29/06
99,529.92
TIl
77
15.84
1,219.68 05/13/05
675.10
Market
Value
Purchase
Date
Cost
Basis
Average
Cost
Unrealized
Gain(Loss}
Annual
Income
Yield
$ 4,137.32
1.1 %
19,146.33
6,160.00
2.4%
142.19
77,220.08
2,430.11
1.4%
8.77
544.58
ltocks • Margin
1M EX SPDR INDEX
:NERGY SELECT INDEX
lOIS D'ARC ENERGY LLC
;OM
;HALLENGER ENERGY COR?
;OM
,ROUP 1 AUTOMOTIVE INC.
;OM
SHARES
.&P LATIN AMERICAN 40
\JDEX FD
'ETRA TECH INC DEL COM
$ 377,706.00 09/29/06 $284,209.50
$ 55.73 $ 93,496.50
'otal stocks
$1,363,604.68
$1,173,300.71
$190,303.97
$12,727.43
0.9%
'otal Margin account
$1,363,604.68
$1,173,300.71
$190,303.97
$12,727.43
0.9%
Account Activity
irade
late
Settle
Date
Account
Transaction Description
Type
)pening bala.nce
12128/08 03/04/08 Margin
Symboll
Cusip
Quantity
Price
Amount
Balance
$ 155,398.29
146,477.77
($8,920.52)
Sell
AMEX SPDR INDEX
UTILITIES SELECT INDEX
page 20f7
XLU
4,000
$ 38.85
Statement for Account
03/01/08 - 03/31/08
Account Activity
rrade
late
Settle
Date
Account
Type
Transaction Description
Symbol!
Cusip
)3/04/08
03/04/08 Margin
)3/05/08
03/05/08 Margin
)3/05/08
03/05/08 Margin
Div/lnt
TDAM
MONEY MARKET PORTFOLIO
SELECT
Money Market Fund Dividends
Payable: 03/31/2008
Money Market Fund Divi 11.09
)3/06/08
03/06/08 Margin
Journal
REDEMPTION TDAM MONEY
MARKET PORTFOLIO SE
)3/05/08
03/10/08 Margin
Sell
SNG
)3/06/08
03/11/08 Margin
Sell
CANADIAN SUPERIOR ENERGY
INC
COM
POWERS HARES QQQ
)3/10/08
03/13/08 Margin
Sell
)3/12/08
03/17/08 Margin
Sell
)3/17/08
03/17/08 Margin
)3/17/08
Quantity
Price
Amount
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
0.00
(146,477.77)
WIRE FUNDS
WIRE SENT 03/05/2008 13:50:06
Journal
0.00
(809,716.00)
Balance
0.00
(809,716.00)
0.00
11.09
(809,704.91 )
0.00
146,4 77. ('7
(663,227.14 )
9,000-
3.35
30,149.66
(633,077.48)
QQQQ
2,100-
42.59
89,438.01
(543,639.47)
CANADIAN SUPERIOR ENERGY
INC
COM
CANADIAN SUPERIOR ENERGY
INC
COM
SNG
9,400-
3.29
30,925.65
(512,713.82)
SNG
10,500-
3.35
35,174.61
(477,539.21)
Divllnt
GROUP 1 AUTOMOTIVE INC.
COM
Payable: 03/17/2008
QUALIFIED DIVIDENDS 1540.00
GPI
0.00
1,540.00
(475,999.21 )
03/17/08 Margin
Ck#
TO BANK USA CHECKING Check
#:115
0.00
(8,986.63)
(484,985.84)
)3/13/08
03/18/08 Margin
Sell
CANADIAN SUPERIOR ENERGY
INC
COM
10,300-
3.30
33,989.62
(450,996.22)
)3/20108
03/24/08 Margin
(433,196.22)
03/28/08 Margin
2,000-
0.00
20.22
17,800.00
)3/25/08
40,439.55
(392,756.67)
ZTD89
SNG
ACH IN
Sell
BOIS D'ARC ENERGY LLC COM
page 3 of 7
BDE
Statement for Account
03/01/08 - 03/31/08
Account Activity
Account
Type
Transaction Description
rrade
late
Settle
Date
'3/28/08
03/28/08 Margin
Cash Rec'd
13/28/08
03/28/08 Margin
Ck#
13/31/08
03/31/08 Margin
Oiv/lnt
Symbol!
Cusip
Amount
Balance
0.00
129,000.00
(263,756.67)
0.00
(116,800.00)
(380,556.67)
0.00
(1,790.67)
(382,347.34)
Price
Quantity
CASH RECEIPT
ROC 106
TO BANK USA CHECKING Check
#:117
MARGIN INTEREST CHARGE
Payable: 03/31/2008
:Ioslng balance
($382.347.34)
TO AMERITRADE Cash Interest Credit/Expense
legln .Date
3/01/08
3/05/08
3/10108
3/11/08
3113/08
3/17/08
3/18/08
3124/08
3/28/08
Margin Balancfil
$ (8,920.52) $
(663,227.14)
(633,077.48)
(543,639.47)
(512,713.82)
(484,985.84)
(450,996.22)
(433,196.22)
(380,556.67)
Number
of Days
3
5
1
2
4
1
6
4
4
Credit Balance
Interest Rate
6.75
4.75
4.75
4.75
4.75
4.75
4.75
4.75
4.75
'otallnterest Income/(expense)
aegln Date
3/04/08
'otallnterest income
Balance
$ 146,477.77
Account Symbol!
westment Description
Type
CUSIP
;OIS D'ARC ENERGY LLC COM Margin
BDE
SNG
:ANAOIAN SUPERIOR ENERGY IN Margin
:OM
;ANAOIAN SUPERIOR ENERGY IN
:OM
"SAd)
Margin
SNG
page 4 of 1
Money Market Fund Account Interest Credited
Number
of Days
Interest Rate
Interest Accrued
$ 11.09
2.7633
Positions Closed This Period
Purchase
Cost
Quantity
Date
Basis
2,000
11/27/07
$ 39,142.00
9,000
01117/08
32,490.00
9,000
02/04/08
(2,340.34)
Sale
Date
03/25/08
03/05/08
03/05/08
Interest Debited
$ 5.02 $
437.55
83.53
143.46
270.60
63.99
357.04
228.63
200.85
$1,790.67
Interest Credited
MTD PAID
$ 11.09
$11.09
MTD Accrued
$ 11.09
Sales
Proceeds
$ 40,439.55
30,149.66
$ 0.00
Realized
Gain(Loss)
$ 1,297.55 ST
(2,340.34) ST
%
Gain(Loss)
3.3%
(7.2)%
2,340.34 ST
(100.0)%
..
Statement for Account
03/01/08 - 03/31/08
Positions Closed This Period
Purchase
Cost
Quantity
Date
Basis
2,000
01/17/08
7,220.00
%
SUPERIOR ENERGY IN
Account Symboll
Type
CUSIP
Margin
SNG
SUPERIOR ENERGY IN
Margin
SNG
7,400
02/04/08
28,046.28
03/10/08
SUPERIOR ENERGY IN
Margin
SNG
9,400
02/13/08
(4,340.63)
03/10/08
SUPERIOR ENERGY IN
Margin
SNG
1,600
02/04/08
6,064.06
03/12/08
5,359.94
(704.12) ST
(11.6)%
SUPERIOR ENERGY IN
Margin
SNG
8,000
02/04/08
28,240.00
03/12/08
26,799.70
(1,440.30) ST
(5.1)%
SUPERIOR ENERGY IN
Margin
SNG
900
02/13/08
3,438.03
03/12/08
3,014.97
(423.06) ST
(12.3)%
SUPERIOR ENERGY IN
Margin
SNG
1,600
02/13/08
(704.12)
03/12/08
704.12 ST
(100.0)%
Margin
SNG
200
02113/08
(36.01)
03/12/08
36.01 ST
(100.0)%
Margin
SNG
10,100
02/13/08
40,086.72
03/13/08
33,329.63
(6,757.09) ST
:ANADIAN SUPERIOR ENERGY IN
:OM
Margin
SNG
200
02/13/08
732.01
03/13/08
659.99
(72.02) ST
'QWERSHARES QQQ
'QWERSHARES QQQ
'otal
Margin
Margin
QQQQ
QQQQ
2,000
100
09/29/06
02/01/07
81,640.00
4,401.00
$264,079.00
03/06/08
03/06/08
85,179.06
4,258.95
$260,117.10
3,539.06 LT
(142.05) L T
$(3,961.90)
nvestment Description
:ANADIAN
:OM
:ANADIAN
:OM
:ANADIAN
:OM
VSAdj
:ANADIAN
:OM
:ANADIAN
:OM
:ANADIAN
:OM
:ANADIAN
:OM
VSAdj
:ANADIAN SUPERIOR ENERGY IN
:OM
VSAdj
:ANADIAN SUPERIOR ENERGY IN
:OM
)ate
Check
:Ieared
Number
)penlng balance
13/04/08
Date
Written
Transaction
03/04/08
Received
13/06/08
03/06/08
Delivered
Sale
Date
03/10/08
Sales
Proceeds
6,579.93
Realized
Galn(Loss)
(640.07) ST
Gain(Loss)
(8.9)%
24,345.72
(3,700.56) ST
(13.2)%
Money Market Fund Account Activity
Tracking
Descrietlon
Code
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Money Market
Portfolio Se
4,340.63 ST
Expense
Code
(100.0)%
(16.9)%
(9.8)%
4.3%
~%
$ 146,477.77
Balance
$ 0.00
146,477.77
(146,477.77)
0.00
Amount
$ 0.00
:Iosing balance
Important Information
page 5 of 7
-
Statement for Account
03/01/08 - 03/31/08
Important Information
Keep this statement for income tax purposes
Ie above prices are provided only as a general guide to value your portfolio. Current quotations are available through TD AMERITRADE. Certificates of deposit
e priced at market prices. Sale of bonds prior to maturity may result in a loss of principal. Mortgage backed positions are valued using the remaining balance and
9 current market price.
)n-Standard Assets: This statement shows all assets in your account including certain direct investments that may be held by a third party. TD AMERITRADE is
It responsible for third-party information, including the valuation of certain non-standard assets. The price shown represents an estimated value that is provided by
annual. report or other source. The estimated value of these assets may not be realiz.ed when you try to liquidate the position. Assets held by a third party are not
,vered by the Securities Investor Protection Corporation (SIPC)
~quired Annual FINRA Information: FINRA maintains a toll-free Public disclosure hotline where investors may call to request disclosable background information on
Iy licensed broker or broker-dealer. To call the hotline, dial 1-800-289-9999. FINRA also maintains an Internet web site where investors may obtain useful
'ormation concerning FINRA policies. procedures and services. The web site can be accessed at WINW.finra.org. Additionally, FINRA has a brochure which
Iscribes the investor education and protection program. You may request this brochure either through the FINRA web site or by calling the toll-free public disclosure
Itline.
}rtain purchases of Class A Mutual Funds may be eligible fora breakpOint discount on the sales charge. To learn more about breakpoint discounts, go to
:p:/IWINW.flnra .org/web/groups/rules_regs/documentslrules_regs/p01 0543.pdf
luity And Option Positions In Gfi Group, Inc., Which Is Scheduled To Split
An Ex-Dividend Date Of 4/1/2008, Is Reflected After The Effects Of The
The Security Positions And Account Activity Sections Of This
stement.
page 60f7
TO
Portfoho Report GUide
~MERl1RAoE provides monthly Portfolio Repom. for eccountll with adMty and quarterly
RegUlatory
AMERITRADE
,rIS for Inactive accountll with assets. 1
lDAMERfI'RAOE dOeII notprtMde 1n\.esIrnent.legal, ortaxacMce. PIeas& COI1SIit your legal
~ or tax ecr:auntant when necessary. tv. a st:!lndard Industry pnk:IIaa, phone cocr.ersations
may be I'IlICQIdeIcI b- quality oonllol end transaction ;eriflcstIon purpoaeos.
Itollo Summary
:1<8 the ~unnsnt value of your portlolio 8S of the report datAl and compares It to tile prior
ItIl. 2 The essetallocatlon indicates your portfolio diversification by Investment type.
m AMERIlRADE, be. or m AMERfTRAoE C1e.aring. Inc.. and each firm Is not responsibie for the
'dple allocations under 5% will be grouped Into the categOry of 'Other' In tI1e pie chart.
kcurM'y ", Reports
gin Equity. Total Account Equlty/(Total Long Merginable Value .. Total Short Value)
/I you find any ...,...,... or omiealons In your IICCOW'II_nt you should Inwnedt_1y call LIS
at the nLll'1"ber Itlt.d an _
one of your stale....nt. You should
contact our Cteertng
flm1, TO AMERITRADE CIe!u:1n;, Inc:. 111402-870-7724. Pleese I'IMew this sl3tement carefUlly. ~
you dI:!IagreG will any transaction, or If Ihere are any errors or oml1ssions, please noltfy a alent
SIlf\'Icas IeIlrasentalil.e or your local branch office, as well as m AMERrTRAoE Clearing, Inc. In
writing will'n ten (10) dIIyI of your receipt of this staiBmenl AnyoraJ stalBments that you haw
made 10 1.19 should be corrlirmaa In writing. The stal8ment will othetWise be considered COr1Ciusllla,
Ivtty Summary
opening and closing caah balances are reconciled here for your quick reference. All
)I.lnt setlvlty is summaril:ed for the current period end ysar-to-dalll.
IIfte & Expenell Summary (non-IRA. only)
,section details the Income and expense totals from the Activity Summary and classifies
ISX tre8im8nl.
'",manl Account Summery (IRA. only)
lew the IRS regulated transactions tor the current and prior yea"'. IRS Form 5498 fair
kat VIIlue hi besed on the current value as of Oecember 31 of the previOUS yeer and will be
shed to the Interne' Revenue Service.
'omllln~ Summary
,itor your annual portfolio pertormance and the unrealized gains and 10s98. for your Mure
atment slralegy.
Ollnt Po.ltlons
• your IlMIstmen1lS at tha currant market value and compare the original cost to see
",llzed gains end louas In your portfolio. Original cost hi assigned using the firat"n. first·out
0) melhod, which eRumes the first ahar. you 1811 ere those you purchased first. The
l1IIted Investment Income 2 and average cost per shere ans displayed for your ",f"",nee (the
sl purchsse date I. shown for an Indication of your holding
Ollnt Activity
=I.lnt actMty is cleeriy defined. listed In data order, and ns"ectad in the closing cash
nee.
lIIonl Cloud this Month
Ides securities sold this month showing the aides! lrade date for the original purchase and
realized gain or loss.
l .. Pendtng Settlement
firm your executed trades w~h a settlement date after month end. These transactions will
'fleeted In lha Account Activlly section nexl month,
.nOnden
lew your open limit ordera for accuracy and notify us Immediately if you wi.h
:.1 an order.
h Manlll!ement Activity
h management transactions
ng this month are listed In
to
change or
chad<, debit card and ATM sctlvlty) Ihat cleared
Je to rounding adjustments, the statemenl details may not equal the .tatement totals.
ltimated Annual tncome and EsUrnaied Annual Yield values are based upon the number of
'es owned lIS 01 tha sl8tement date end the most recent dividend rate provided
For TO AMERIlRADE In$til1Jtlonai cllems, your ecMsorfirm Is aepe!I!le from end not dlalsd with
prod\X:ts and ""r.lces of the other.
.0
PIeeM I'IO!ify us prompdy of any changes In your conlaCt informelton, Transactions relectad on
AMERfTRADE
your report wOl be conclusi-..ely deemed accurate unless you noltfy
immedialely.
m
Account ProIectIon
0ep0ejIs made into a 10 Bank USA, NA Money Market Depoeh Account are insured by the FOIC
(not covered by SIPC) up to $1()(),000 per depositor (up to S250,OOO of pro!ec:ljon tor the combined
total of the tradiIional end Roth IRAs. sell- the
accuracy of the InfOrmation end data p""';ded. CCH INCORPORATED Is a saparaIB company and
Is not sllllialed with m AMERrTRADE,
MlI4"gln end Optlons A-Prload seaJiitlM _Indicated by 'N?" and may _ _moot
balances end 1Otl>Is. The Y8Iuatio<1s on your portlollO repoIt are plt1>lided as general information and
we do not guarantee 1I1e acancy of anY Sea.llities prices.
UmImd Par1nemhl;>a and non.Jreded Reel EstBtB irMIs!ment Trusts are generally IU!quid end have
no pub&: malkets; annuaIlIlIluaIians are 01ltVied from a 1I1kt1 party or !he general petlrW, The
sec:onda'y market b- Cefllfica189 of Deposits (CDs) Is genemlly III>:\tAd and the adlJal wtue may be
d Ifte!ant fltIm the putt:hase price. A slgniftcanllou of principal may result from the sale of e CD
prior to mab.irity, Port1oIIo f1)port lIBluations may not represent sales proceeds.
Allocillon Method
In the avent any 01 your securities are called or assigned, the securities will be
selected on an Impertial. random basis.
Payment for Onder Flow ~EC Rules 606 and 607)
In some circumstances, TO AMERITRADE receives compensation for directing
certain over-lhe-countsr end listed equity order flow to selected market makers.
brokers Or dealers. Compensation Is in the form of a per share cash payment
We post quarterly reports disctosing the vanues for order routing execution at
www.tdamerltrede.com. A written COpy is available upon request.
Ills our poilcy. absent client orde", 10 the contrary, to .eleci brokers, dealers,
and market make", based on the ebility to provide best execution and the
history of seeking price Improvement on market orders. Price improvement i.
aveiteble under cartaln market conditions. and we reguLarly monitor e~ecutions
to tast for such Improvement if available.
nede Conflrmatlons (Rule 10b-10)
All confirma60ns are tranemltted on Ihe transaction date
Prlvecy Policy Notlflcatlon
A copy of the TO AMER!TRAoE privacy policy is available at
www.tdameritrade.com
!l AMERITRADE
Apex
Statement Reporting Period:
01/01/08 - 01/31/08
Statement for Account #_ _
)-669-3900
AMERITRAOE
IISION OF TO AMERITRADE INC
I BOX 2209
~AHA. NE 68103·2209
Current
Value
$
4,040.63
ivestment
ands
ash
IMDA
laney Market
hart Balance
tacks
hart Stocks
ptions
hart Options
iutual Funds
otal
Prior
Value
$
45.50
WE WORK CONSTANTlY TO ENSURE THE
SECURITY OF YOUR ACCOUNT. TO LEARN
MORE· AND FOR STEPS YOU CAN TAKE
TO HELP PROTECT YOURSELF ONLINE
VISIT OUR SECURITY CENTER AT
I.fI'NW.TDAMERITRADE.COMlSECURITYI
Portfolio Summary
Period
%
Estimated
Estimated Portfolio
Change
Change
Income
Yield
Allocation
$
$
3,995.13
8780.5%
1,126.44
27.9%
0.2%
12,978.10
403,305.19
(390,327.09)
(96.8)%
2,184,751.05
1,748,217.49
436,533.56
25.0%
Portfolio Allocation
0.6%
25,024.54
1.1%
Other
0.8%
99.2%
Stocks
$2,201,769.78
$2,151,568.18
2.3%
$26,150.98
1.2%
Income & Expense Summa
ash Activity Summary
CUrrent
'penlng balance
ecurities Purchased
ecurities Sold
unds Deposited
unds Disbursed
lcome
xpense
ther
$50,201.60
99.2%
100%
100.0%
largin equity
lOSing balance
Announcements:
KIMBERLY JANE ANOREWS &
BRET WILLIAM ANDREWS COMMUNITY PROP
YTO
$45.50
(1,554,212.81)
1,098,442.68
61,000.00
(1,000.00)
9,214.33
$45.50
(1,554,212.81)
1,098,442.68
61.000.00
(1,000.00)
9,214.33
390,550.93
$4,040.63
Income
Dividends
Interest
Other
Expense
Interest
Fees
390,550.93 Other
$4,040.63 Net
page 1 of 11
Performance Summary
Taxable Non·Taxable
$9,120.46
93.87
$9,214.33
YTO
Cost Basis As Of· 01131108
$9,120.46 Unrealized Gains
93.87 Unrealized Losses
Funds Deposited/(Disbursed)
Income/(Expense)
Securities
Received/(Delivered)
$
$0.00
$9,214.33
YTO
$1,918,839.16
300,727.29
(34,815.40)
60,000.00
9,214.33
0.00
Statement for Account ~
01/01/08 - 01/31/08
Income Summary Detail
Current
$ (10,939.54)
93.87
223.84
lescrlptioll_
.~ ._ _ _ _ __
)rdinary Dividends
"!terest Income Credit Balance
10ney Mkt Fund Div
Year to Date
$ (10,939.54)
93.87
223.84
Account Positions
westment Description
Annual
Income
Yield
$ 55.73 $ 70,750.50
$ 4,055.52
1.1%
38.24
4,900.00
6,543.60
3.3%
225,330.95
19.43
(3,770.95)
38,610.00 01/17/08
39,710.00
3.61
(1,100.00)
4.39
443.390.00 10/11/07
348.279.57
3.45
95,110.43
11,000
26.46
291,060.00 01/17/08
239,133.67
21.74
51,926.33
6,160.00
2.1%
700
240.44
168,308.00 09/29/06
99,529.92
142.19
68,778.08
2,430.11
1.4%
MSFT
4,500
32.60
146,700.00 12/17/07
157,994.75
35.11
(11,294.75)
1,980.00
1.3%
QQQQ
2,100
45.13
94,773.00 09/29/06
86,041.00
40.97
8,732.00
447.80
0.5%
65.42
15.65
64.83
130,840.00 12/31/07
147,560.00
675.10
99,174.70
73.78
8.77
66.12
(16,720.00)
2,800.00
2.1%
529.95
(1,929.70)
607.50
0.6%
Symbol!
CUSIP
Quantity
Current
Price
XLE
5,100
$ 69.60
XLU
5,000
39.22
196,100.00 08/17/07
191,200.00
BDE
11,600
19.10
221,560.00 11/27/07
SNG
11,000
3.51
CHQ
101,000
GPI
ILF
Market
Value
Purchase
Date
Cost
Basis
Average
Cost
Unrealized
Galn(Loss)
.tocks • Margin
MEX SPDR INDEX
.NERGY SELECT INDEX
MEX SPDR INDEX
'TILITIES SELECT INDEX
OIS D'ARC ENERGY LLC
OM
ANADIAN SUPERIOR
NERGYINC
OM
HALLENGER ENERGY CORP
OM
iROUP 1 AUTOMOTIVE INC.
OM
)HARES
&P LATIN AMERICAN 40
JOEX FD
IICROSOFT CORP COM
OWERSHARES QQQ
ROCTER GAMBLE CO COM
ETRATECH INC DEL COM
ANGUARD INDEX TRUST
IPERS MSCI US SM CAP
PG
TTl
VBK
2,000
77
1,500
$ 354,960.00 09/29/06 $284,209.50
1,205.05 05/13/05
97,245.00 03/07/07
otal stocks
$2,184,751.05
$1,918,839.16
$265,911.89
$25,024.53
1.1%
otal Margin account
$2,184,751.05
$1,918,839.16
$265,911.89
$25,024.53
1.1%
page 2 of 11
Statement for Account
01/01/08 - 01/31/08
Account Activity
rrade
)ate
Settle
Date
Account
Type
Transaction Description
Quantity
Price
Amount
Balance
$45.50
)penlng balance
11/04/08 01/04/08 Cash
Divllnt
11/07/08
01/07108 Cash
Journal
2131/07
11/02108
01102/08 Margin
01/02/08 Margin
Journal
11/03/08
01/03/08 Margin
Div/lnt
'1/03/08
01/03/08 Margin
Div/lnt
'1/03/08
01/03/08 Margin
Journal
2/31/07
01/04/08 Margin
Buy
2131/07
2131/07
2131/07
01/04/08 Margin
Sell
01/04/08 Margin
01104/08 Margin
Buy
Buy
APARTMENT INVT &MGMT CO
COM
2131/07
2131/07
01104/08 Margin
01104/08 Margin
Buy
2131/07
2131/07
213'1/07
2131/07
Symboll
Cusip
ADJUST MONEY MARKET
INTEREST
Payable: 1213112008
MOVE CASH BALANCE TO
MARGIN
$ 0.00
0.00
(93.81)
45.50
ACHIN
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
AMEX.SPDR INDEX
UTILITIES SELECT INDEX
Payable: 01/03/2008
Ordinary Dividends 1635.90
AMEX SPDR INDEX
ENERGY SELECT INDEX
Payable: 01/03/2008
Ordinary Dividends 1013.88
0.00
7,000.00
(7,045.50)
7,045.50
0.00
XLU
0.00
1,635.90
1,635.90
XLE
0.00
1,013.88
2,649.78
0.00
(2,649.78)
0.00
1,000
34.69
(34,690.00)
(34,690.00)
CSCO
4,000-
27.04
108,158.34
ORCL
AIV
7,000
22.72
(159,040.00)
73,468.34
(85,571.66)
1,000
34.71
(34,710.00)
(120,281.66)
MICROSOFT CORP COM
MSFT
2,000
(71,620.00)
Buy
VENOCO INC COM
va
500
35.81
19.9899
(9.994.95)
(191.901.66)
(201 .896.61)
01104/08 Margin
Buy
PROCTER GAMBLE CO COM
PG
2,000
(147,560.00)
(349,456.61 )
01104/08 Margin
Buy
VENOCO INC COM
900
(17,964.00)
(367,420.61 )
01104/08 Margin
01104/08 Margin
Buy
Buy
VENOCO INC COM
va
va
va
( 19,999.90)
(4,630.72)
(387,420.51 )
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
APARTMENT INVT &MGMT CO
COM
CISCO SYSTEMS INC COM
ORACLE CORP COM
VENOCO INC COM
page 3 of 11
AIV
1.000
232
73.78
19.96
19.9999
19.96
$ 93.81
139.31
0.00
(392.051.23)
Statement for Account
_
01/01/08 - 01/31/08
Account Activity
Account
Type
Transaction Description
irade
late
Settle
Date
)1/04108
01/04/08 Margin
Divllnt
11/04/08
01/04/08 Margin
Journal
11/07/08
01/07/08 Margin
Journal
11/07/08
01/07/08 Margin
Journal
11/16/08
11/17/08
01/17/08 Margin
01/17/08 Margin
Journal
'1/16/08
01/22108 Margin
Buy
'1/16/08
01/22108 Margin
Buy
11/16/08
01/22/08 Margin
'1/22/08
Symboll
Cusip
Quantity
Price
Amount
Balance
0.00
2,430.11
(389,621.12)
0.00
389,621.12
0.00
MOVE CASH BALANCE TO
MARGIN
0.00
93.81
93.81
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
ACH IN
PURCHASE TDAM MONEY
MARKET PORTFOLIO SE
CHALLENGER ENERGY CORP
COM
0.00
(93.81 )
0.00
0.00
0.00
42,000.00
(42,000.00)
42,000.00
0.00
ISHARES
S&P LATIN AMERICAN 40 INDEX
FD
Payable: 01/04/2008
Ordinary Dividends 2430.11
REDEMPTION TDAM MONEY
MARKET PORTFOLIO SE
ILF
CHQ
6,000
4.00
(24,000.00)
(24,000.00)
CHALLENGER ENERGY CORP
COM
CHQ
700
3.86
(2,702.00)
(26,702.00)
Buy
CHALLENGER ENERGY CORP
COM
CHQ
2,600
3.91
(10,166.00)
(36,868.00)
01/22108 Margin
Journal
REDEMPTION TDAM MONEY
MARKET PORTFOLIO SE
0.00
36,868.00
11/17/08
01/23/08 Margin
Buy
11/17/08
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
GROUP 1 AUTOMOTIVE INC.
COM
'1/17/08
01/23/08 Margin
Buy
'1/17/08
01123/08 Margin
11/17/08
7/08
0.00
CHQ
4,500
4.00
(18,000.00)
(18,000.00)
GPI
1,000
21.74
(21,740.00)
(39,740.00)
CHALLENGER ENERGY CORP
COM
CHQ
4,000
4.00
(16,000.00)
(55,740.00)
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
2,000
21.80
(43,600.00)
(99,340.00)
01/23/08 Margin
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
200
21.63
(4,326.00)
(103,666.00)
01/23/08 Margin
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
33
21.64
(714.12)
(104,380.12)
page 4 of 11
-
Statement for Account
01/01/08 - 01/31/08
Account Activity
rrade
late
SeHle
Data
11/17/08
01/23/08 Margin
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
1,767
21.65
(38,255.55)
(142,635.67)
11/17108
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHQ
2,000
3.99
(7,980.00)
(150,615.67)
7108
01/23/08 Margin
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
200
21.79
(4,358.00)
(154,973.67)
11/17/08
01/23/08 Margin
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
2,800
21.80
(61,040.00)
(216,013.67)
11/17/08
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHQ
6,512
3.94
(25,657.28)
(241,670.95)
'1/17108
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHQ
2,488
3.93
(9,777.84)
(251,448.79)
'1/17/08
01/23/08 Margin
Buy
GROUP 1 AUTOMOTIVE INC.
COM
GPI
3,000
21.70
(65,100.00)
(316,548.79)
'1/17/08
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
. CHQ
4,000
3.89
(15,560.00)
(332,108.79)
1/17108
01/23/08 Margin
Sell
ORACLE CORP COM
ORCL
7,000-
21.59
151,127.68
(180,981.11 )
1/17/08
1/17/08
1/17/08
01/23/08 Margin
01/23/08 Margin
Sell
VENOCO INC COM
VQ
3,000-
17.00
50,999.21
(129,981.90)
Sell
VENOCO INC COM
VQ
3,632-
17.00
61,743.05
(68,238.85)
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHQ
4,000
3.87
(15,480.00)
(83,718.85)
1/17/08
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHQ
5,000
3.8797
(19,398.45)
(103,117.30)
1/17/08
01/23/08 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHQ
1,000
3.88
(3,880.00)
(106,997.30)
1/17108
01/23/08 Margin
Sell
APARTMENT INVT &MGMT CO
COM
AIV
1,600-
33.72
53,951.17
(53,046.13)
1/17/08
01123/08 Margin
Sell
APARTMENT INVT &MGMT CO
COM
AIV
1,400-
33.8601
47,403.41
(5,642.72)
1/17108
01123/08 Margin
Sell
APARTMENTINVT &MGMT CO
COM
AIV
2,100-
33.88
71,146.91
65,504.19
1/17/08
01/23/08 Margin
Sell
APARTMENT INVT &MGMT CO
COM
AIV
1,900-
33.79
64,200.01
129,704.20
Account
Transaction Description
Type
page 5 of 11
Symboll
Cusip
Quantity
Price
Amount
Balance
Statement for Account
0.1/0.1/0.8 - 0.1/31/0.8
Account Activity
rrade
) ate
)1117/0.8
'1/17/0.8
'1/17/0.8
11/17/08
11/17/0.8
)1/23/0.8
11/18/0.8
11/18/0.8
11/24/0.8
11/25/08
11/25/0.8
11/28/0.8
11/31/0.8
11/31/0.8
Account
Transaction Description
Type
Buy
CHALLENGER ENERGY CORP
0.1123/0.8 Margin
COM
Buy
CHALLENGER ENERGY CORP
0.1/23/0.8 Margin
COM
CANADIAN SUPERIOR ENERGY
0.1/23/0.8 Margin
Buy
INC
COM
01/23/0.8 Margin
Buy
CHALLENGER ENERGY CORP
COM
CHALLENGER ENERGY CORP
0.1/23/08 Margin
Buy
COM
0.1/23/0.8 Margin
Journal
REDEMPTION TDAM MONEY
MARKET PORTFOLIO SE
Buy
DIAMONDS TRUST SERIES I COM
0.1/24/0.8 Margin
0.1/24/0.8 Margin
Sell
DIAMONDS TRUST SERIES I COM
Journal
REDEMPTION TDAM MONEY
0.1/24/0.8 Margin
MARKET PORTFOLIO SE
Cash Rec'd CASH RECEIPT
0.1/25/0.8 Margin
ROC 3119
TO BANK USA CHECKING Check
Ck#
0.1/25/0.8 Margin
#:113
Journal
PURCHASE TDAM MONEY
0.1/28/08 Margin
MARKET PORTFOLIO SE
Divllnt
APARTMENT INVT &MGMT CO
0.1/31/08 Margin
COM
Payable: 0.1/31/20.08
Ordinary Dividends 40.40..57
Divllnt
0.1/31/0.8 Margin
INTEREST CREDIT
Payable: 0.1/31/20.0.8
Settle
Date
!Iosing balance
Symbol!
Cusip
Quantity
Price
Amount
Balance
CHQ
8,0.0.0.
3.88
(31,0.40..0.0.)
98,664.20.
CHQ
14,0.0.0.
3.87
(54,180..0.0.)
44,484.20.
SNG
11,0.0.0.
3.61
(39,710..0.0.)
4,774.20.
CHQ
6,0.0.0.
3.78
(22,680..0.0.)
( 17,90.5.80.)
CHQ
2,20.0.
3.99
(8,778.0.0.)
(26,683.80.)
0..0.0.
26,683.80.
0..00.
122.47
122.4301
0..0.0.
(489,880..0.0.)
489,712.90.
167.10.
(489,880..0.0.)
(167.10.)
0..0.0.
0..0.0.
12,0.0.0..0.0.
12,0.0.0..0.0.
0..0.0.
(1,0.0.0..0.0.)
11,0.0.0..0.0.
0.0.0.
(11,0.00.0.0.)
0..0.0
0..0.0.
4,0.40..57
4,040..57
0..0.0.
0..0.6
4,0.40..63
DIA
DIA
AIV
4,0.0.0.
4,0.0.0.
$4,040.63
page 6 of 11
Statement for Account ~
01/01/08 - 01/31/08
8egln Date
)1/25/08
)1/31/08
TD AMERITRADE Cash Interest Credit/Expense
Number
Credit Balance
of Days
Interest Rate
Margin Balance
$
$ 11,000.00
4,040.57
3
1
0.05
0.05
Interest Debited
rotallnterest income/(expense)
:Jegln Date
)1/01/08
)1/02/08
)1/03/08
)1/04/08
)1/07/08
)1/08/08
)1/09/08
)1/10/08
)1/11/08
)1/14/08
)1/15/08
)1/16/08
)1/17/08
)1/18/08
)1/22/08
)1/23/08
)1/24/08
)1/25/08
)1/28/08
)1/29/08
)1/30/08
)1/31/08
Interest Credited
$
$ 0.00
Balance
$ 403,305.19
410,350.69
413,000.47
23,379.35
23,473.16
23,473.16
23,473.16
23,473.16
23,473.16
23,473.16
23,473.16
23,473.16
65,473.16
65,473.16
28,605.16
1,921.36
1,754.26
1,754.26
12,754.26
12,754.26
12,754.26
12.754.26
Money Market Fund Account Interest Credited
Number
Interest Accrued
Interest Rate
of Da~s
1
1
1
3
1
1
1
1
3
1
1
1
1
4
1
1
1
3
1
1
1
1
4.3096
4.2787
4.2558
4.2734
4.2058
4.1935
4.1901
4.1679
4.1703
4.1454
4.1023
4.0735
4.0586
4.0320
3.8311
3.7530
3.6654
3.6265
3.5841
3.5548
3.4933
3.3783
MTDAccrued
$ 47.62
48.10
48.16
8.21
2.70
2.70
2.69
2.68
8.05
2.67
2.63
2.62
7.28
28.93
3.01
0.19
0.18
0.52
1.26
1.24
1.22
1.18
$ 47.62
95.72
143.88
152.09
154.79
157.49
160.18
162.86
170.91
173.58
176.21
178.83
186.11
215.04
218.05
218.24
218.42
218.94
220.20
221.44
222.66
223.84
rotallnterest income
nvestment Description
Account Symbol!
Type
CUSIP
I,PARTMENTINVT&MGMTCOCO
\PARTMENTINVT&MGMTCOCO
I,PARTMENTINVT&MGMTCOCO
I,PARTMENTINVT&MGMTCOCO
I,PARTMENTINVT&MGMTCOCO
Margin
Margin
Margin
Margin
Margin
AIV
AIV
AIV
AIV
AIV
page 7 of 11
Positions Closed This Period
Purchase
Cost
Quantity
Date
Basis
1,600
12/17/07
$56,520.00
1,400
12/17/07
49,420.00
2,000
12/17/07
70,800.00
100
12/31/07
3,631.05
1,900
12/31/07
68,913.95
Sale
Date
01/17/08
01/17/08
01/17/08
01/17/08
01/17/08
Sales
Proceeds
Realized
Gain(Loss)
$53.951.17
47,403.41
67,758.96
3,387.95
64,200.01
$ (2,568.83)ST
(2,016.59)ST
(3,041.04)ST
(243.10)ST
(4,713.94)ST
$ 0.05
0.01
$0.06
MTD PAID
$ -
223.84
$223.84
%
Galn(Loss)
(4.5)%
(4.1)%
(4.3)%
(6.7)%
(6.8)%
Statement for Account ~
01/01/08 ~ 01/31/08
Positions Closed This Period
"vestment Description
Account Symbol!
Type
CUSIP
Margin
AIV
,PARTMENTINVT&MGMTCOCO
vSAdj
IIAMONDS TRUST SERIES I COM Margin
)RACLE CORP COM
'ENOCO INC COM
'ENOCO INC COM
'ENOCO INC COM
'ENOCO INC COM
VSAdj
Margin
Margin
Margin
Margin
Margin
DIA
ORCL
VQ
VQ
VQ
VQ
Quantity
2,000
Purchase
Date
12/31/07
Cost
Basis
(3,145.00)
Sale
Date
01/17/08
4,000
7,000
3,000
1,000
2,632
2,632
01/18/08
12131/07
11/27/07
11/27/07
12131/07
12/31/07
489,880.00
159,040.00
55,500.00
18,500.00
56,538.26
(3,948.69)
01/18/08
01/17/08
01/17/08
01/17/08
01/17/08
01/17/08
$1,021,649.57
'otal
Sales
Proceeds
489,712.90
151,127.68
50,999.21
16,999.74
44,743.31
$990,284.34
Realized
Gain(Loss)
3,145.00 ST
%
Gain(Loss)
(100.0)%
(167.10) ST
(7,912.32) ST
(4,500.79) ST
(1,500.26) ST
(11,794.95) ST
3,948.69 ST
0.0%
(5.0)%
(8.1 )%
(8.1 )%
(20.9)%
(100.0)%1
$(31,365.23)
Trades Pending Settlement
lVestment Description
;ELL
Account Symboll
CUSIP
T~pe
Margin
MSFT
Quantity
4,500
;ELL
Margin
VBK
1,500
.ELL
Margin
PG
,ELL
Margin
.UY
Margin
page 8 of 11
Trade
Price Date
$ 32.60
01/29108
Settle
Date
02/01108
$ 146,698.38
64.40
01/29108
02/01108
96,598.93
2,000
64.79
01/29/08
02/01/08
129,578.57
BDE
500
18.58
01129/08
02101108
9,289.89
CHQ
6,300
3.98
01/30/08
02104108
(25,074.00)
Amount
Statement for Account
01/01/08 - 01/31/08
)ate
Check
Number
:Ieared
)pening balance
Date
Written
Transaction
11/02/08
01/02/08
Received
'1/03/08
01/03/08
Received
1/04/08
01/04/08
Delivered
1/07/08
01/07/08
Received
1/17/08
01/17/08
Received
1/22/08
01/22/08
Delivered
1/23/08
01/23/08
Delivered
1/24/08
01/24/08
Delivered
1/28/08
01/28/08
Received
1/31/08
01/31/08
Received
Money Market Fund Account Activity
Tracking
Code
Descri~tion
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Money Market
Portfolio Se
Tdam
Maney Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Maney Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Maney Market
Portfolio Se
Tdam
Money Market Portfolio Select
Redemption Tdam Money Market
Portfolio Se
Tdam
Maney Market Portfolio Select
Redemption Tdam Maney Market
Portfolio Se
Tdam
Maney Market Portfolio Select
Purchase Tdam Money Market
Portfolio Se
Money Market Fund Dividends
Expense
Code
Amount
Balance
$403,305.19
$ 7,045.50
410,350.69
2,649.78
413,000.47
(389,621.12)
23,379.35
93.81
23,473.16
42,000.00
65,473.16
(36,868.00)
28,605.16
(26,683.80)
1,921.36
(167.10)
1,754.26
11,000.00
12,754.26
223.84
12,978.10
$12,978.10
:'08Ing balance
page 9 of 11
Statement for Account
01/01/08 - 01/31/08
Important Information
Keep this statement for income tax purposes
he above prices are provided only asa general guide to value your portfolio. Current quotations are available through TD AMERITRADE. Certificates of deposit
re priced at market prices. Sale of bonds prior to maturity may result in a loss of principal. Mortgage backed positions are valued using the remaining balance and
Ie current market price.
on-Standard Assets: This statement shows all assets in your account including certain direct investments that may be held by a third party. TO AMERITRAOE is
,t responsible for third-party Information, Including the valuation of certain non-standard assets. The price shown represents an estimated value that is provided by
1 annual report or other source. The estimated value of these assets may not be realized when you try to liquidate the position. Assets held by a third party are not
)vered by the Securities Investor Protection Corporation (SIPC)
quity And Option Positions In Quicksilver Resources, Which Is Scheduled To
pHt With Ex-Dividend Date Of 2-1-08, Is Reflected After The Effects Of The
plit In The Security Positions And Account Activity Sections Of This
tatement.
page 10 of 11
Portfolio Report Guide
AMERfTRAOE provides monlllly Portfolio Reports for accounts with acti\ltty and quarte~y
,rts for inactive accounts with assets. T
1:10110 Summary
TO AMERITRAOE
TO AMERITRAOE does not provide Investment. legal, or tax atMoe. Piea.. consun your
legal advlsor or tax accountant when necessary. As a standan:llnduaby practice, phone
conve",aHons may be recorded for quality control and transaction verttlca~on purposes.
Cka Ihe current velue 01 your portfolio as 01 the report date and compares it 10 Ihe prior
,th. 2 The .eset allocation Indicates your portfolio dlversl/ieatlon by investment type.
A<:......qt of Reports
II YOIl ffnd any erro", or omissions In your account stetement you should immadlately
call ua allhe numbar lI11ad on page ona of your statemant. You should alao contact
tlpie alloeafton. under 5'1. will be grouped Into the category of ·Otf1er' In the pie chart.
alit Ctaaring IIrm, Ttl AMERITRADE Cle.ring, Inc, at 402-970.7124. Please review this
statement carafully. If you disagree wkl1 any transaction, or If there are any errotll or
omissions, please notlfy a Client ServW:es representative or your local branch olllce, as
well as TO AMERITRADE Clearing, Inc. In writing within ten (10) days of your receipt of
this statement. Any oral statements tf1at you have made to UII should be confirmed In
writing. The st.9tament will otharwise be considered conelualve.
-gin Equity ,. Total Account Equity/(Total Long Merglnabla Value .. Tot.91 Short Value)
h'fty Summary
. Opening and dosing cash balancos are reconciled here for your quick reference. All
ount actMty Is summarized for the current period and yeer·to-date.
)me & Expense Summary (non-lRAa only)
sec1ion details the Income and expense Iotalslrom the Activfty Summaty and classifies
tax lreatmen!.
I
In".,.nt AOCOllnt Summary (IRAe only)
iew lhe IRS t1I9ulated Iransactlons for the current and prior yeers. IRS Form 5498 fair
kat\l8lue Is based on. the current \l8lue as of Oecember 31 of the previous yesr and will be
lished to the Intemal Revenue SelVlce.
formanee Summary
'hor your annual portfolio performance and the unrealized gains and losse. for your future
,stman! Il1rategy.
,gunt Poaltlona
• your Investments at the current merltat velua and compare the Original cost to s••
lsllted gain_ and losses in your portfolio. Origlrllli cost is assigned using the first·ln. flrst-08t recent dividend rate provided
Please notify uS promptly of any changes in your contact Information. Transections
reflected on your report will be conclusively deemad accurate unlest! you notify
TO AMERITRADE Immedlataly.
Aocollnt Protection
Oeposlts made Into a TO Bank USA, NA Monay Markel Deposit Account are Insured by
the FDIC (not covered by SIPC) up to $100,000 per depositor (up to $250,000 of protection
for Ihe combined total of the traditional and RolillRAs, self-
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IIIII'IIIIIIII'II.II~~~~~:
!J~EC
OCT 11 2011
CLAIMS CENTER
Exclusion Cover Page
Case Name: Canadian Superior Energy
Case Code: CANADIAN
Exclusion Deadline: 10/1012011 (Postmark Date)
Name of Person Filing Exclusion: Columbus Capital Offshore
Fund, LTD.
OPT OUT LETTER
FOR
CANADIAN SUPERIOR SECURITIES LITIGATION
Columbus Capital Management, LLC
Telephone:
05 October 2011
Canadian Superior US Class Action Exclusions
Claims Administrator
c/o Gilardi & Co. LLC
PO Box 990
Corte Madera, CA 94976-0990
Dear Sir:
This letter confirms our desire to opt out of the above mentioned class action for the two
investment partnerships that we manage.
Columbus Capital Partners, L.P.:
The number of shares of Canadian Superior purchased on the US AMEX exchange from
6/26/2008 - 8/12/2008: 637,500
The number ofshares of Canadian Superior sold on the US AMEX exchange from
8/14/2008 1111 8/2008: 637,500
I Market Street-Spear Tower
I Suite 3790 I San Francisco.CA94105 I Tel: (415)986-5085 I Fax: (415)986-5130
Columbus Capital Offshore Fund, LTD.:
The number of shares of Canadian Superior purchased on the US AMEX exchange from
6/26/2008 811212008: 112,500
The number of shares of Canadian Superior sold on the US AMEX exchange from
8/14/2008 - 11I19/2008: 112,500
Details will be provided if requested.
Sincerely,
Robert J. Morelli, Jr.
Chief Financial Officer
t.l:,io\~ L¢'\i~.4{.lCJ.\ 'JO'
.
Columbus Capital Management,LLC
---'
,llR ,:,j~,T ,~l.otoJ~.M.;(".~.~ (,
"
' , ' ·t-
..... /
"
',_
:
,.'~
.:,
~'-', ~.
"-'.
ImJ5~~
Canadian Superior Securities Litigation
Claims Administrator
c/o Gilardi & Co. LLC
P,O. Box 990
Corte Madera, CA 94976-0990
CANADIAN
OCT 1 1 2011
CLAIMS CENTER
11.11111111111111 ••• 1.11111111.1.1111.11111.1.1.11111.111111.1
~EC
11111111
~IIIIIIIIIII~ IIIII "IIIIIIIII~III r111111111111111111111 '" 1'~llIli 1111111111 ~~~:~:
OCT 1 1 2011
CLAI MS CENTER
Exclusion Cover Page
Case Name: Canadian Superior Energy
Case Code: CANADIAN
Exclusion Deadline: 10/10/2011 (Postmark Date)
Name of Person Filing Exclusion: Columbus Capital Partners, L.P.
OPT OUT LETTER
FOR
CANADIAN SUPERIOR SECURITIES LITIGATION
Columbus Capital Management, LLC
Telephone:
05 October 20 II
Canadian Superior US Class Action Exclusions
Claims Administrator
clo Gilardi & Co. LLC
PO Box 990
Corte Madera, CA 94976-0990
Dear Sir:
This letter confirms our desire to opt out of the above mentioned class action for the two
investment partnerships that we manage.
Columbus Capital Partners, L.P.:
The number of shares of Canadian Superior purchased on the US AMEX exchange from
6/26/2008 - 8/12/2008: 637,500
The number of shares of Canadian Superior sold on the US AMEX exchange from
8114/2008 IlIIS/2008: 637,500
I MarketSlreet-$pearTower I Suite 3790 I San Fr.mclsco,CA94105
i Tel: (415)9&6-5085 I Fax: (415)9&6-5130
Columbus Capital Offshore Fund, LTD.:
The number ofshares of Canadian Superior purchased on the US AMEX exchange from
6/26/2008
~
811212008:
112,500
The number of shares of Canadian Superior sold on the US AMEX exchange from
8/14/2008 - 11119/2008: 112,500
Details will be provided if requested.
Sincerely,
Robert 1. Morelli, Jr.
Chief Financial Officer
Columbus Capital Management, LLC
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Canadian Superior Securities Utigation
Claims Administrator
clo Gilardi & Co. LLC
P.O. Box 990
Corte Madera, CA 94976-0990
CANADIAN
OCT 1 1 2011
CLAIMS CENTER
Il.l.ullllllllllllll.1I1I1 II •• 111111.111111111.11111111111111
NPT+RICEPOINT
CLASS ACTION seRVICES
Opt-out Report
Administration:
Canadian Superior Energy (IiCSE") Securities Litigation
Court:
Ontario Superior Court of Justice - 1626CP, 1358/10CP & CV-I0-14848
United States District Court Southern Court of New York - 1:09-cv
10087-SAS
Opt-out Deadline:
October 10, 2011
Date of Report:
October 14, 2011
Prepared For:
{via email}
Anthony O'Brien Siskinds LLP
Charles Wright Siskinds LLP
A. Dimitri Lascaris - Siskinds LLP
Jay Strosberg - Sutts, Strosberg LLP
Ellen Gusikoff - Robbins Geller Rudman & Dowd LLP
Michael!. Fistel, Jr. - Holzer Holzer & Fistel, LLC
Jeffrey A. Berens Dyer & Berens LLP
Gavin Price - Jensen Shawa Solomon Duguid Hawkes LLP
Jamie A. Levitt - Morrison & Foerster, LLP
Cathy Crang - Carscallen Leitch LLP
V. Phil Lalonde - McLeod & Company LLP
Steven Leitl- Macleod Dixon LLP
Prepared By:
Ivan Bobanovic
Contact:
Phone: 519-432-3405 x 328
Email: ibobanovic@nptricepoint.com
300-633 Colborne St.
•
London, ON
•
N6B 2V3
www.nptricepoint.com
•
519.432.5534
Opt-out Summary
Name
.to
.
.
.
'
Postmark
Date
•
300-633 Col borne S1.
•
London, ON
• N6B 2V3
www.nptricepoint.com
•
519.432.5534
Notes
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