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ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rllahr 94~ 99~ 94049444 094 049. 4 8~ 4 11,4914449. ,~ 41^44498 99~ 19994. 948914100‘.». CHZ.OF pho 2 fro oroo boa I1.14%•40a San 6
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rllahr 94~ 99~ 94049444 094 049. 4 8~ 4 11,4914449. ,~ 41^44498 99~ 19994. 948914100‘.». CHZ.OF pho 2 fro oroo boa I1.14%•40a San 6
ION REPORT As of Julie 2o, 2011 CONCLUSION Based on the information provided and the analysis conducted, and subject to the attached Statement of Limiting Conditions, it is our opinion that one common share of the Company as of the Valuation Date should be valued as follows: $0.77 (rounded) ZERO DOLLARS AND SEV
.f pttaNJW40manMiM.man4 5.4~ relacar a< No 41 pn hire WI 4.9.484•49 17114 to Say 11~ redone of 11424 pc/ blur« Alho lain 41a reamellois 1 7114 bow honk.% prderme onl rllahr 94~ 99~ 94049444 094 049. 4 8~ 4 11,4914449. ,~ 41^44498 99~ 19994. 948914100‘.». CHZ.OF pho 2 fro oroo boa I1.14%•40a San 6
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