To clarify - the next step is not to create a new wallet it's to recover Dan's key for our existing wallet from his seed.

After that the keys we will each have are:

• alanna
  • alanna's wallet key
  • dan's wallet key
• peg
  • peg's wallet key
• mix
  • mix's wallet key

i.e. we will have 4 out of the 5 keys needed to sign transactions for the wallet

From there we will be able to use 4 of the keys to sign a transaction removing out precious $5 or whatever it is. I suggest we just move it to our short term account to speed things up.