Epstein Secrets

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

014 & 4.1x by wend 2015 ' As RDNT de-levers given its sliver of equity ($120m mkt cap) vs. its net debt balance ($587m post refi) every 0.5x chg in ebitda multiple adds $1.40/share to RDNT ' Over the past decade RDNT has been valued @ an avg 7x ebitda ' RDNT is presently valued @ 5.8x 2014 ebitda Ft 5.1x fwd ebitda ' As

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

14 a 4.1x by yrend 2015 ' As RDNT de-levers given its sliver of equity ($120m mkt cap) vs. its net debt balance ($587m post refi) every 0.5x chg in ebitda multiple adds $1.40/share to RDNT ' Over the past decade RDNT has been valued @ an avg 7x ebitda • RDNT is presently valued @ 5.8x 2014 ebitda a 5.1x fwd ebitda As co

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

14 a 4.1x by yrend 2015 ' As RDNT de-levers given its sliver of equity ($120m mkt cap) vs. its net debt balance ($587m post refi) every 0.5x chg in ebitda multiple adds $1.40/share to RDNT ' Over the past decade RDNT has been valued @ an avg 7x ebitda ▪ RDNT is presently valued @ 5.8x 2014 ebitda a 5.1x fwd ebitda ' As