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MrDanMan

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MrDanMan

Re: Bob Stocks post# 4526

Wednesday, 02/25/2015 1:47:32 PM

Wednesday, February 25, 2015 1:47:32 PM

Post# of 23979
Expect SSH enrollment numbers to surprise market The company has hinted at higher enrollment through their latest loan terms:

Receive $2M upon 100 patients being enrolled in COUNTER trial no later than September 30, 2015 (“Term C Loan”)



By the end of September, the only way Sunshine Heart receives the conditional $2M is if they have 100 patients enrolled. Company ended 2014 with 40 enrolled patients, meaning 60 must be enrolled within first 9 months of 2015 (on avg. 20/month). To put into perspective, SSH enrolled 13/14 in Q3/Q4 respectively
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