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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
p.n.s min naS WIN • novsa ..tu Oren &shay iv itp• sampan.. or0soad r*v. steurtntestepotalm maw.. sisaTrionerat Me. Me *WMw tam, to sahistispne Walla fflaS PrAntlwagr.V 1004PaRilituparropretrom ANIS . Yl 5._sn Irv, *gm waa saveassao pig) I...Ml vosientsues (Sift (.1...0111.nemssao ( emi mlid0 wane's°. nacnou
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
p.n.s min naS WIN • novsa ..tu Oren &shay iv itp• sampan.. or0soad r*v. steurtntestepotalm maw.. sisaTrionerat Me. Me *WMw tam, to sahistispne Walla fflaS PrAntlwagr.V 1004PaRilituparropretrom ANIS . Yl 5._sn Irv, *gm waa saveassao pig) I...Ml vosientsues (Sift (.1...0111.nemssao ( emi mlid0 wane's°. nacnou
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
p.n.s min naS WIN • novsa ..tu Oren &shay iv itp• sampan.. or0soad r*v. steurtntestepotalm maw.. sisaTrionerat Me. Me *WMw tam, to sahistispne Walla fflaS PrAntlwagr.V 1004PaRilituparropretrom ANIS . Yl 5._sn Irv, *gm waa saveassao pig) I...Ml vosientsues (Sift (.1...0111.nemssao ( emi mlid0 wane's°. nacnou
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