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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
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
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
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
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
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
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