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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
wtramon me... Ai pentad! r998891•09 %we • nallcoonl hinboltenreennol dies 1 91 oto hog 5.4•098 rinknnennol et. ordosool 0ffirookian 9€490.1 ton 104 Ileakiontrelace. 9441•1491ineo poelorei olo948481441.414 Son 2. recbrel 9•4488.1en as el. pononle ondo 949•••••••erelovlan • ow in Ise ok 44.1189•1•499 woo0.8)140
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
wtramon me... Ai pentad! r998891•09 %we • nallcoonl hinboltenreennol dies 1 91 oto hog 5.4•098 rinknnennol et. ordosool 0ffirookian 9€490.1 ton 104 Ileakiontrelace. 9441•1491ineo poelorei olo948481441.414 Son 2. recbrel 9•4488.1en as el. pononle ondo 949•••••••erelovlan • ow in Ise ok 44.1189•1•499 woo0.8)140
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
wtramon me... Ai pentad! r998891•09 %we • nallcoonl hinboltenreennol dies 1 91 oto hog 5.4•098 rinknnennol et. ordosool 0ffirookian 9€490.1 ton 104 Ileakiontrelace. 9441•1491ineo poelorei olo948481441.414 Son 2. recbrel 9•4488.1en as el. pononle ondo 949•••••••erelovlan • ow in Ise ok 44.1189•1•499 woo0.8)140
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