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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
leno Inas aa duirnix otiktwe Ibl ock al Ik dne0bry 4nd .3"1113•99m9bast of hpplaUlial• 444411Y 11.3.14301 Ilbe211011 ~Ploft Tk ~bb ~LOU. 444 •0111 BlukBab %weke. bles *nu punanig ilumb ckhd mrt len. mamenenaba. cuncts. afd ileml pub Jniasobabluauk Rogurdz In klmk..I.in.AdnM kurdul a 19M 0n16 Imuloanuel
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
leno Inas aa duirnix otiktwe Ibl ock al Ik dne0bry 4nd .3"1113•99m9bast of hpplaUlial• 444411Y 11.3.14301 Ilbe211011 ~Ploft Tk ~bb ~LOU. 444 •0111 BlukBab %weke. bles *nu punanig ilumb ckhd mrt len. mamenenaba. cuncts. afd ileml pub Jniasobabluauk Rogurdz In klmk..I.in.AdnM kurdul a 19M 0n16 Imuloanuel
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
leno Inas aa duirnix otiktwe Ibl ock al Ik dne0bry 4nd .3"1113•99m9bast of hpplaUlial• 444411Y 11.3.14301 Ilbe211011 ~Ploft Tk ~bb ~LOU. 444 •0111 BlukBab %weke. bles *nu punanig ilumb ckhd mrt len. mamenenaba. cuncts. afd ileml pub Jniasobabluauk Rogurdz In klmk..I.in.AdnM kurdul a 19M 0n16 Imuloanuel
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