Replies to post #1632 on Redwood Group International (RDWD)

[scoobey-do]

Thanks for the DD, bitter_genius. It will be interesting to see what percent Redwood is entitled to of the amount paid to Kuhns Brothers. I haven't been following FSIN but I see that the pps is up from March 1, 2006's of $5.50 to $6.60 last Friday, which would increase the value of the warrants paid to Kuhns Bros by $467,422. If your estimate of 6.875% is correct and Redwood gets 6.875% of the total paid to Kuhns Bros, that would give Redwood's transaction a value of $567,749 based on Friday's pps. IMO With Redwood being 100% owned by SEIH, all the the funds will move to S3's financials. It will be interesting to see where Redwood stands in the 10-K regarding new clients. Best regards. scoob