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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
osapvpi ritypeo macgvn /*Own Rawom..... • wa IT.aWlmall OM n wn -.won rman .....•••••• , .wrar,t •vmuen•Ftnn ....is+ 3.a. 0.S • ens um..., nu Lain, •Wra. I'Mattn.111.” imomno• fl i ”1.1”1.51,Mel 1...• I einn 0.41.• ‘iiminne 1. I5Wgnlpan wean .00 nal i'S•1 EFTA00307462 tent \W.I.. WNW
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
osapvpi ritypeo macgvn /*Own Rawom..... • wa IT.aWlmall OM n wn -.won rman .....•••••• , .wrar,t •vmuen•Ftnn ....is+ 3.a. 0.S • ens um..., nu Lain, •Wra. I'Mattn.111.” imomno• fl i ”1.1”1.51,Mel 1...• I einn 0.41.• ‘iiminne 1. I5Wgnlpan wean .00 nal i'S•1 EFTA00307361 tent \W.I.. WNW
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
osapvpi ritypeo macgvn /*Own Rawom..... • wa IT.aWlmall OM n wn -.won rman .....•••••• , .wrar,t •vmuen•Ftnn ....is+ 3.a. 0.S • ens um..., nu Lain, •Wra. I'Mattn.111.” imomno• fl i ”1.1”1.51,Mel 1...• I einn 0.41.• ‘iiminne 1. I5Wgnlpan wean .00 nal i'S•1 EFTA00307260 tent \W.I.. WNW
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