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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
149.7 55/6 (433.1 134 206 110 LAI 3100 ru 2017 2453 219 255 242 31.6 1140 905 063 Ill 3%04 Iseluckna Ildttert MM Mous s tiuhsus Atefes. AVAI l I CeM,Igy Nrc4e. AVAl T• " C.03blgy %%the IRAI I 1 ( spabisyNookers l iTabisyNookeb AVALLE. , à tublgy Nagar AVALVE7 t dei.% Noule
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
149.7 55/6 (433.1 134 206 110 LAI 3100 ru 2017 2453 219 255 242 31.6 1140 905 063 Ill 3%04 Iseluckna Ildttert MM Mous s tiuhsus Atefes. AVAI l I CeM,Igy Nrc4e. AVAl T• " C.03blgy %%the IRAI I 1 ( spabisyNookers l iTabisyNookeb AVALLE. , à tublgy Nagar AVALVE7 t dei.% Noule
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
149.7 55/6 (433.1 134 206 110 LAI 3100 ru 2017 2453 219 255 242 31.6 1140 905 063 Ill 3%04 Iseluckna Ildttert MM Mous s tiuhsus Atefes. AVAI l I CeM,Igy Nrc4e. AVAl T• " C.03blgy %%the IRAI I 1 ( spabisyNookers l iTabisyNookeb AVALLE. , à tublgy Nagar AVALVE7 t dei.% Noule
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