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vpagano

11/04/14 11:24 AM

#15 RE: Enterprising Investor #14

Add this 50% to the 1/3 of outstanding shares owned by management stated in the presentation means there is only:

$6 MM mkt cap - $3 MM via Lehman - $2 MM mgmt = $1 MM entire remaining float $ / $18 pps = 55,555 shares

...not much at all.