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••• ••••••••••••••.1}1••••••••••/•ry. 28 4 EFTA00308998 PSE ACQUISITIONS, LLC I MANAGEMENT I MARCH 2014 Bruce R. Galloway Managing Member Mr. Galloway is a leading turnaround activist and a small/micro-cap deep value investor. He has gen- erated annual returns in excess of 20% for the past 15 years.
rning cash flow positive • Improving industry dynamics 24 Company Profile: A leachng pro.,", or renewable fuels that primarily operates in the Western US Wnically integrated operations spanning production, storage and delivery IA/W-con ptoviticr while demand growth Is worpa‘sng supply Sc!Arto.I1-
GH") and Hedge Fund to the Mgmt Co. • Additional 10% Incentive Fee of Net Appreciation which exceeds 2.5x return of S&P • Mgmt Co. is owned by Galloway, Braun and Kim • Galloway Holdings is a [C-corp]., established in [Delaware] • Preferred Shares will be exchangeable into LISTCO shares 5 EF
Turning cash flow positive Improving industry dynamics Company Profile: • A leading provider of renewable fuels that primarily operates in the Western US • Vertically integrated operations spanning production, storage and delivery • Low-cost provider while demand growth is outpacing supply Sele
O ("GH") and Hedge Fund to the Mgmt Co. • Additional 10% Incentive Fee of Net Appreciation which exceeds 2.5x return of • Mgmt Co. is owned by Galloway, Braun and Kim • Galloway Holdings is a [C-corp]., established in [Delaware] • Preferred Shares will be exchangeable into LISTCO shares 5 EF
rning cash flow positive • Improving industry dynamics Company Profile: • A leading provider of renewable fuels that primarily operates in the Western US • Vertically integrated operations spanning production, storage and delivery • Low-cost provider while demand growth is outpacing supply Sele
O ("GH") and Hedge Fund to the Mgmt Co. • Additional 10% Incentive Fee of Net Appreciation which exceeds 2.5x return of • Mgmt Co. is owned by Galloway and Kim • Galloway Holdings is a [C-corp] established in [Delaware] • Preferred Shares will be exchangeable into LISTCO shares 6 EFTA0050581
2012 Apr Jul Oct 2013 Apr Jul Turnaround Catalysts: Company Profile: A leading provider of renewable fuels that primarily operates in the Western US Vertically integrated operations spanning production, storage and delivery Low-cost provider while demand growth is outpacing supply Selected F
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