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GMA13

01/27/16 1:18 PM

#4516 RE: 1center #4515

IMO - Off to new PPS highs if the following is confirmed.

• Very high Debt Creditor is reorganized, hopefully to part payment + part shares (including warrants without deflation protection) + a manageable debt level that can easily be paid over the next 5 years.

• EPS is up with a good backlog, thanks mainly to Martek (& to a lesser extent Colmek).