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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
34.0 1.7030 244/9.0 68100 7,0610 04639 6.110.0 1.274 No ROE 1.41110 1.012.0 0110 915.0 134 1.61 wu, ("sud 4 Dale il Cce. leatidt lac Mima Mina LI, %Apt Sunky knatnai Theataset Natal lervestarta. 1111)tatessan. MN %mi Mal ablars. In. øt VmpArd Gant lix Canar Roonbal %M'a*. Lk Mairy lade B
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
34.0 1.7030 244/9.0 68100 7,0610 04639 6.110.0 1.274 No ROE 1.41110 1.012.0 0110 915.0 134 1.61 wu, ("sud 4 Dale il Cce. leatidt lac Mima Mina LI, %Apt Sunky knatnai Theataset Natal lervestarta. 1111)tatessan. MN %mi Mal ablars. In. øt VmpArd Gant lix Canar Roonbal %M'a*. Lk Mairy lade B
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
34.0 1.7030 244/9.0 68100 7,0610 04639 6.110.0 1.274 No ROE 1.41110 1.012.0 0110 915.0 134 1.61 wu, ("sud 4 Dale il Cce. leatidt lac Mima Mina LI, %Apt Sunky knatnai Theataset Natal lervestarta. 1111)tatessan. MN %mi Mal ablars. In. øt VmpArd Gant lix Canar Roonbal %M'a*. Lk Mairy lade B
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