Epstein Secrets

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

9,389 5805.489 $869,928 $930,823 $986,673 2) Coal °Pseuds sold 108.582 181.795 273.293 360.555 432.878 480.469 518.906 555.230 588.543 Cnoss nrawn 35,970 89,144 150,371 216,388 286,511 325.020 351,022 375,594 398.129 3) Operating expernes 64300 86,918 120,521 140,295 152.59

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

9,389 5805.489 $869,928 $930,823 $986,673 2) Coal °Pseuds sold 108.582 181.795 273.293 360.555 432.878 480.469 518.906 555.230 588.543 Cnoss nrawn 35,970 89,144 150,371 216,388 286,511 325.020 351,022 375,594 398.129 3) Operating expernes 64300 86,918 120,521 140,295 152.59

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

9,389 5805.489 $869,928 $930,823 $986,673 2) Coal °Pseuds sold 108.582 181.795 273.293 360.555 432.878 480.469 518.906 555.230 588.543 Cnoss nrawn 35,970 89,144 150,371 216,388 286,511 325.020 351,022 375,594 398.129 3) Operating expernes 64300 86,918 120,521 140,295 152.59