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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
0.1 II oul No PPLE 22 12 2A 1.1 Tool* loseleutko el Haden rsonto ore el rend Aes on) L P //Ion hmay. tkrony ropet.1 Almet”neene. Lk 9.99 S Aomnum L lc The Bork <1194. l'oet SkIso Culp. Motet 1441.148 Soultio. leta ',dam lva4 131.441I69.9enan. so ion. Carnet Abruetetent brass nib C.N.411.1./4,99
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
0.1 II oul No PPLE 22 12 2A 1.1 Tool* loseleutko el Haden rsonto ore el rend Aes on) L P //Ion hmay. tkrony ropet.1 Almet”neene. Lk 9.99 S Aomnum L lc The Bork <1194. l'oet SkIso Culp. Motet 1441.148 Soultio. leta ',dam lva4 131.441I69.9enan. so ion. Carnet Abruetetent brass nib C.N.411.1./4,99
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
0.1 II oul No PPLE 22 12 2A 1.1 Tool* loseleutko el Haden rsonto ore el rend Aes on) L P //Ion hmay. tkrony ropet.1 Almet”neene. Lk 9.99 S Aomnum L lc The Bork <1194. l'oet SkIso Culp. Motet 1441.148 Soultio. leta ',dam lva4 131.441I69.9enan. so ion. Carnet Abruetetent brass nib C.N.411.1./4,99
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