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bellator_exec

11/21/14 11:09 AM

#71470 RE: TheExpertHimself #71468

Another Frost convertible is all but assured. Look for about $10m with a 10% coupon and convertible to 2m shares. At their current burn rate and considering COH and LOC, I look for the convert to occur no later than Q2 '15. That alone will push O/S diluted to ~16m and I am projecting conservatively.

Let's see how far off I will be, if any.