[Jeff]

Daryl - you wrote-: "#3 starts after #2 release begins but it is also spent before #2 is spent. #2 release starts after #4 release but it gets spent before #4 gets spent."

Why do you believe that #3 is spent (completely released) before #2 is spent. What is your definition of a spent #3 and a spent #2?

You also state that #2 gets spent before #4 is spent. I thought that #4 is spent at low point.

Jeff.