I predict we will see a bid in November with the earliest conversion date being 01DEC2014 for the conversion window. This will be the last bid with the fences.

The following bid would be put out in January 2015 with the earliest conversion date being 31JAN2015 for the conversion window. This would be the first bid without fences.

This is JMHO after reading MEC Updates 13-08 and 14-05. Those say that the Company will post its final advance entitlement or displacement bid in 2014 such that the bid will open and close and the first conversion date under the bid will occur on or before the first day of the December 2014 bid period. That bid is supposed to be identified as the final bid in which the Conditions and Restrictions of the BEH award will be applied. After that bid, they are not supposed to post a subsequent advance entitlement or displacement bid until after the first day of the January 2015 bid period. That bid will be identified as the first bid in which all eligible pilots will participate following the expiration of the fences.