Dear Team Tontine

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When you say, "lost everything," what exactly are you getting at?

Below is the estimated net performance for October 2008:
Tontine 25 Overseas Fund, Ltd.
MTD : -30.60%
YTD : -53.90%
Tontine Capital Overseas Fund, Ltd.
MTD: -48.90%
YTD : -63.40%
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This conference call may not be recorded, rebroadcast or transcribed without the expressed, written consent of Tontine Associates, LLC.
Thank you.
[redacted]
Tontine Associates, LLC
203-xxx-xxxx

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