📄 Extracted Text (171 words)
Global Options Group
GLOI NASDAQ
15.5 million Shares CONFIDENTIAL
Buy 51%
7,905,000 between $2.25
$17,786,250
Payout from liquidations
Witt completed 7.19.10
$9,000,000 cash
$1,000,000 escrow
Up to $12,000,000 earn out 7.19.11
$22,000,000
Safir Rosetti completed 5.3.10
$3,000,000 cash
$500,000 escrow
Note $1,750,000
Earn out $2,000,000 5.3.11
Total $7,250,000
FISU completed 7.21.10
$7,500,000 cash
$800,000 escrow 7.21.11
Total $8,300,000
Keep Bode asset
Bode
See attached material
$4.5-5.0 mil in free cash 2010
$5.4-6.0 mil in free cash 2011
Total cash for distribution
Escrows, notes and earn outs
New total $20,000,000 net after debt repayment, employment agreements, and
professional fee agreements
Total to be distributed July 2011
$1.29 a share
Distributable cash 2.28.11 from Bode $3,500,000
New basis of our holdings =73.5 cents
Value of Bode at $5,400,000 free cash x 6=$32,400,000 or $2.09 per share
EFTA00586988
8/10/2010 2/28/2011 7/31/2011 7/31/2011
Distribute
Distribute Asset Sale
Buy 51% 2010 Bode CF Proceeds Value of Bode IRR
Total 3,500,000 20,000,000 32,400,000
51% (17,786,250) 1,785,000 10,200,000 16,524,000 64.9%
Per Share (2.25) 0.23 1.29 2.09 64.9%
EFTA00586989
ℹ️ Document Details
SHA-256
79c1722bdc8d85788097bf0e307639bcf8ea3b4b1f4b550187a17afecb3433c2
Bates Number
EFTA00586988
Dataset
DataSet-9
Document Type
document
Pages
2
Comments 0