Koil Energy Solutions Inc. (KLNG)

[goosemeister]

If Prospect were to exercise the warrant and sell those shares at the June 6, 2008, $1.20 per share closing stock price of Deep Down, representing an in-the-money value of approximately $3.5 million, Prospect would have a total cash-on-cash internal rate of return ("IRR") of approximately 83%, representing a 1.4 times cash-on-cash multiple.

considering that prospect considers deep down to have a "world-class management team" of a "growing company," i would hardly be surprised if prospect does not exercise and sell at $1.20 for only 83%.