Case File
efta-efta00727193DOJ Data Set 9OtherGlobal Options Group
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Unknown
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DOJ Data Set 9
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efta-efta00727193
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Global Options Group
GLOI
NASDAQ
15.5 million Shares
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
CONFIDENTIAL
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
EFTA00727193
Total
51%
Per Share
8/10/2010
2/28/2011
Distribute
Buy 51%
2010 Bode CF
(17,786,250)
(2.25)
3,500,000
1,785,000
0.23
7/31/2011
Distribute
Asset Sale
Proceeds
Value of Bode
20,000,000
10,200,000
1.29
7/31/2011
32,400,000
16,524,000
2.09
IRR
64.9%
64.9%
EFTA00727194
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