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SES, AND PROFITABILITY Forecasted revenues and expenses were based on consideration of historical Company indications, discussions with management, Management's Forecast, and guideline company indications, and were each forecasted to trend toward long-term sustainable levels based on discussions with managem
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
SES, AND PROFITABILITY Forecasted revenues and expenses were based on consideration of historical Company indications, discussions with management, Management's Forecast, and guideline company indications, and were each forecasted to trend toward long-term sustainable levels based on discussions with managem
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
SES, AND PROFITABILITY Forecasted revenues and expenses were based on consideration of historical Company indications, discussions with management, Management's Forecast, and guideline company indications, and were each forecasted to trend toward long-term sustainable levels based on discussions with managem
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
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