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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
ls. tost 0th 00 Om woel 04 Pls. Prchnnl Ss.% Om IM.A. 04 L6i Ooi Phs MIturley NAM 04 0.4 IwnmlftP4lTala 514.462 44.6 hynalm. 0:9 MMS. Pal.nn.ne• Faters1.4 Vake 511791 SMAL VIN 14.3% go vn> 104 NASDA11 VLD i097.1 DNA VTD 43% ~I Ter F.4~6 LlM Mol Tor Vaam Des.31.3490 Dth11.2901
2 mentions1 same-page
Page ?Same page
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
ls. tost 0th 00 Om woel 04 Pls. Prchnnl Ss.% Om IM.A. 04 L6i Ooi Phs MIturley NAM 04 0.4 IwnmlftP4lTala 514.462 44.6 hynalm. 0:9 MMS. Pal.nn.ne• Faters1.4 Vake 511791 SMAL VIN 14.3% go vn> 104 NASDA11 VLD i097.1 DNA VTD 43% ~I Ter F.4~6 LlM Mol Tor Vaam Des.31.3490 Dth11.2901
2 mentions1 same-page
Page ?Same page
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
ls. tost 0th 00 Om woel 04 Pls. Prchnnl Ss.% Om IM.A. 04 L6i Ooi Phs MIturley NAM 04 0.4 IwnmlftP4lTala 514.462 44.6 hynalm. 0:9 MMS. Pal.nn.ne• Faters1.4 Vake 511791 SMAL VIN 14.3% go vn> 104 NASDA11 VLD i097.1 DNA VTD 43% ~I Ter F.4~6 LlM Mol Tor Vaam Des.31.3490 Dth11.2901
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ORGANIZATION3 w/ Limiting·3 w/ Pal.nn.ne•
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