Epstein Secrets

onversion rights to determine how proceeds from a liquidity event shall be distributed among the various ownership classes at a future date. Per the AICPA guidelines: "'The option pricing method treats common stock and preferred stock as call options on the enterprise's value, with exercise prices bas

7 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 EFTA00307488 WTAS ALIPHCOM — COMMON EQUITY VALUATI

onversion rights to determine how proceeds from a liquidity event shall be distributed among the various ownership classes at a future date. Per the AICPA guidelines: "'The option pricing method treats common stock and preferred stock as call options on the enterprise's value, with exercise prices bas

7 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 EFTA00307387 WTAS ALIPHCOM — COMMON EQUITY VALUATI

onversion rights to determine how proceeds from a liquidity event shall be distributed among the various ownership classes at a future date. Per the AICPA guidelines: "'The option pricing method treats common stock and preferred stock as call options on the enterprise's value, with exercise prices bas

7 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 EFTA00307286 WTAS ALIPHCOM — COMMON EQUITY VALUATI