The following is a transcript of recordings sent to EL&C Bailieu chairman Jo Dawson by a person calling themselves Stratton Oakmont over the past three weeks. They are based on conversations in Copenhagen with the broker's head of corporate finance, Stephen Macaw, his brother Scott and a man posing as a potential client last year. The brothers did not know they were being taped. The conversations are presented in the order they were sent. Several of the recordings have also been posted on Twitter.