Epstein Secrets

15% 13% 11% 13% 11% .(luv vun0a fnisa Ilul. Omni Batlreste. bd. Glided Diu» i Ile Inca. Omni. nfloi 0.9•19 0w1.O (II int. tit lbw BA.. Nanda liwywie. ht.1/4 ....I1ø.ø. Cleumua ai Hannah:et te ',maw aelChnnute d lined Canna." fl it( Euntne ~ca. hasilan Dinnfir and Matta el linerd Carve.

nd Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307490

15% 13% 11% 13% 11% .(luv vun0a fnisa Ilul. Omni Batlreste. bd. Glided Diu» i Ile Inca. Omni. nfloi 0.9•19 0w1.O (II int. tit lbw BA.. Nanda liwywie. ht.1/4 ....I1ø.ø. Cleumua ai Hannah:et te ',maw aelChnnute d lined Canna." fl it( Euntne ~ca. hasilan Dinnfir and Matta el linerd Carve.

nd Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307389

15% 13% 11% 13% 11% .(luv vun0a fnisa Ilul. Omni Batlreste. bd. Glided Diu» i Ile Inca. Omni. nfloi 0.9•19 0w1.O (II int. tit lbw BA.. Nanda liwywie. ht.1/4 ....I1ø.ø. Cleumua ai Hannah:et te ',maw aelChnnute d lined Canna." fl it( Euntne ~ca. hasilan Dinnfir and Matta el linerd Carve.

nd Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307288