Epstein Secrets

Going fwd ex small acquisition RDNT will utilize FCF to pay down debt * RDNTs FCF for 2014 & 2015 is expected @ $35m Et $44m implying a significant FCF yld of 28% & 36% ' RDNT is tgeng net debt/ebitda @ .<4x ' I expect net debt to ebitda cld drop to 4.8x by yrend 2014 & 4.1x by wend 2015 ' As RDNT de-

dnet, Inc. (RDNT) Mark, Thanks for getting back to me. I will call you back in 20mns. See below my work so far on RDNT Kona SPECIAL SITUATIONS - Radnet, Inc (RDNT) April 3, 2014 AIQ's deleveraging in #s * Btwn q1/12 Et q4/13 AIQ reduced net debt from $582m to $495m * Over that period net debt/ebitda f

' Going fwd ex small acquisition RDNT will utilize FCF to pay down debt • RDNTs FCF for 2014 a 2015 is expected @ $35m a $44m implying a significant FCF yld of 28% a 36% • RDNT is trig net debt/ebitda @ =<4x • I expect net debt to ebitda cld drop to 4.8x by yrend 2014 a 4.1x by yrend 2015 ' As RDNT de-

0m mkt cap AIQ still has no analyst coverage * Takeaways - RDNT shld play out similarly to AlQ, BUY RDNT IN LOW $3s <aiq.png> SPECIAL SITUATIONS - Radnet, Inc (RDNT) April 2, 2014 Takeaways ▪ As an example of how RDNTs deleveraging cld play out see comp AIQ ▪ AIQ commenced its deleveraging process Oct 29

' Going fwd ex small acquisition RDNT will utilize FCF to pay down debt ▪ RDNTs FCF for 2014 a 2015 is expected @ $35m a $44m implying a significant FCF yld of 28% a 36% ▪ RDNT is trig net debt/ebitda @ =<4x ' I expect net debt to ebitda cld drop to 4.8x by yrend 2014 a 4.1x by yrend 2015 ' As RDNT de-

m mkt cap AIQ still has no analyst coverage * Takeaways - RDNT shld play out similarly to AIQ, BUY RDNT IN LOW $3s <aiq.png> SPECIAL SITUATIONS - Radnet, Inc (RDNT) April 2, 2014 Takeaways ' As an example of how RDNTs deleveraging cld play out see comp AIQ ' AIQ commenced its deleveraging process Oct 29