Epstein Secrets

from the t5-Minute Discount Determination," The Value Examiner, July/August 2004, (iii) Estate of McCord, 120 T.C. No. 13, May 2003, and (iv) Bajaj, Denis, Ferris, and Sarin, "Finn Value and Marketability Discounts," 27 J. Corp. Law 89, Fall 2001. CONFIDENTIAL 1 WTAS LLC 71 EFTA00307466 WTAS ALIP

or to the sale. Further, companies with the largest revenues had the smallest discounts (a median of 36.0%). • Silber Study23. In a 1991 article in the Financial Analysts Journal, Silber found an average discount of 33.8% for 6g private placements of common stock of publicly traded companies between 1981 and 1988. He also fo

from the t5-Minute Discount Determination," The Value Examiner, July/August 2004, (iii) Estate of McCord, 120 T.C. No. 13, May 2003, and (iv) Bajaj, Denis, Ferris, and Sarin, "Finn Value and Marketability Discounts," 27 J. Corp. Law 89, Fall 2001. CONFIDENTIAL 1 WTAS LLC 71 EFTA00307365 WTAS ALIP

or to the sale. Further, companies with the largest revenues had the smallest discounts (a median of 36.0%). • Silber Study23. In a 1991 article in the Financial Analysts Journal, Silber found an average discount of 33.8% for 6g private placements of common stock of publicly traded companies between 1981 and 1988. He also fo

from the t5-Minute Discount Determination," The Value Examiner, July/August 2004, (iii) Estate of McCord, 120 T.C. No. 13, May 2003, and (iv) Bajaj, Denis, Ferris, and Sarin, "Finn Value and Marketability Discounts," 27 J. Corp. Law 89, Fall 2001. CONFIDENTIAL 1 WTAS LLC 71 EFTA00307264 WTAS ALIP

or to the sale. Further, companies with the largest revenues had the smallest discounts (a median of 36.0%). • Silber Study23. In a 1991 article in the Financial Analysts Journal, Silber found an average discount of 33.8% for 6g private placements of common stock of publicly traded companies between 1981 and 1988. He also fo