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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
ctic4. 00~ dCspmOanCnnnlmeaa 31~ ef Aalt Cm/. n • Inc Sisenieni Reimer »Mai anpel7d EMT (Ana.. (%. Nei Imam D114•4419 PS 1.1117.) 1444949 Ceripsictiina49.4nd filwrili LT Ming. Ilex NA NA Triuma914449.4~ F44444.11(44.4(114, LIM i2å Ter F.admi Det(3141411 1/4941•2039 045, 31.74111 311,11 »11 3011
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
ctic4. 00~ dCspmOanCnnnlmeaa 31~ ef Aalt Cm/. n • Inc Sisenieni Reimer »Mai anpel7d EMT (Ana.. (%. Nei Imam D114•4419 PS 1.1117.) 1444949 Ceripsictiina49.4nd filwrili LT Ming. Ilex NA NA Triuma914449.4~ F44444.11(44.4(114, LIM i2å Ter F.admi Det(3141411 1/4941•2039 045, 31.74111 311,11 »11 3011
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
ctic4. 00~ dCspmOanCnnnlmeaa 31~ ef Aalt Cm/. n • Inc Sisenieni Reimer »Mai anpel7d EMT (Ana.. (%. Nei Imam D114•4419 PS 1.1117.) 1444949 Ceripsictiina49.4nd filwrili LT Ming. Ilex NA NA Triuma914449.4~ F44444.11(44.4(114, LIM i2å Ter F.admi Det(3141411 1/4941•2039 045, 31.74111 311,11 »11 3011
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