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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
iermic..84 ana laoek. ait 19114.10110) TIBaN1Øy ala Ah) kat sabla mak omattusmtlat.. pink h nalal4h1 0.101XL, RyN Ihip. 'agni.. tala). 49.14k.kiala. SCADA sy.taa. ut rot ieility. t'UN mestraml sudamatit 8.14.at Jets. tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaea
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
iermic..84 ana laoek. ait 19114.10110) TIBaN1Øy ala Ah) kat sabla mak omattusmtlat.. pink h nalal4h1 0.101XL, RyN Ihip. 'agni.. tala). 49.14k.kiala. SCADA sy.taa. ut rot ieility. t'UN mestraml sudamatit 8.14.at Jets. tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaea
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
iermic..84 ana laoek. ait 19114.10110) TIBaN1Øy ala Ah) kat sabla mak omattusmtlat.. pink h nalal4h1 0.101XL, RyN Ihip. 'agni.. tala). 49.14k.kiala. SCADA sy.taa. ut rot ieility. t'UN mestraml sudamatit 8.14.at Jets. tible »AM rpplkeate, end suppari ard haptat epplkabota. ha.86, rade pandit° ltat gaea
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