<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Friday, February 27, 2015 10:02 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Bruce Galloway</td></tr><tr><td>Attachments:</td><td>Mail Attachment.html; Untitled attachment 00050.htm; Mail Attachment.txt; Untitled
attachment 00053.htm</td></tr></table>

on Feb 6th we told Bruce to sell 50% of TBIO position which =e did at an ave price of 2.98 Bruce keeps telling me =hat that are 4 short term catalysts...

stock announced public offering and =losed today at 1.74

http://finance.yahoo.com/q;_ylt=AvJEzTZkfkOJM3qADCZVQX3eAohG;=ylu=X3oDMTBxdGVyNzJxBHNIYwNVSCAzIERlc2t0b3AgU2VhcmNolDEx;_ylg=X3oDMTB=OTkyZWtoBGxhbmcdZW4tVVMcHQDc2VjdGlwbmMEdGVzdAM-;_ylv=3?uhb=uhb2&=r=uh3_finance_vert_gs&type=2button&s=tbio

http://finance.yahoo.com/news/transgenomic-announces-pricing-pu=lic-offering-113000608.html

please advise

Richard Kahn

HBRK Associates Inc.

tel
fax

cell

Begin forwarded message:

To: =/b>"Richard Kahn" <

Subject: =/b>Re: Tbio

From: =/b>Bruce Galloway <

Date: =/b>February 27, 2015 at 2:13:45 PM =ST

They were supposed come out with news. Didn't expect a =inancing

Sent from my HTC on T-Mobile 4G LTE

| Field | Value |
|---|---|
| Header | ----- Reply message ----- |
| From | [redacted] (name and email blacked out) |
| To | [redacted] (name and email blacked out) |
| Subject | =bio |
| Date | Fri, Feb 27, 2015 13:57 |

stock now down 45% =ince we sold and no response from you..

Richard Kahn
HBRK Associates Inc.

tel
fax
cell

On Feb 23, 2015, at 4:32 PM, Richard Kahn < > wrote:

any updates on =hy we should not sell remaining 50% as stock has gone 20% lower since =e sold 50% of

position

Richard Kahn

HBRK Associates Inc.

tel
fax

cell

- Date/time: Feb 4, 2015, at 7:36 PM
- Sender: Bruce Galloway (email address redacted)
- Message body (verbatim): "4 big =atalysts going on. All short term"
- Signature (verbatim): "Sent from my HTC on T‑Mobile 4G =TE"
- Visual note: recipient email/address is blacked out (redacted)

</=ody>

=