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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
Co4hcf fanaat. Gebat Proulai uil 1.1anSa ne Sr ob*/ Manna, Caemein Cotbaenne.C.CludimesinebtfixilaulMmlwrotSinequellseneeyeetenemx «Chnip.mitirti. Namaakma Govatmit Cttitlin«.ard Mankt u snipa n...e Casino« ISnatta nul Omme km& a bot Man:alamen Garant( Lol Intlabodm thlo.ht. Mottx.f.A AWna Ria Hm%9nmCmmmm,v nJ >kt"( Caip
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
Co4hcf fanaat. Gebat Proulai uil 1.1anSa ne Sr ob*/ Manna, Caemein Cotbaenne.C.CludimesinebtfixilaulMmlwrotSinequellseneeyeetenemx «Chnip.mitirti. Namaakma Govatmit Cttitlin«.ard Mankt u snipa n...e Casino« ISnatta nul Omme km& a bot Man:alamen Garant( Lol Intlabodm thlo.ht. Mottx.f.A AWna Ria Hm%9nmCmmmm,v nJ >kt"( Caip
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
Co4hcf fanaat. Gebat Proulai uil 1.1anSa ne Sr ob*/ Manna, Caemein Cotbaenne.C.CludimesinebtfixilaulMmlwrotSinequellseneeyeetenemx «Chnip.mitirti. Namaakma Govatmit Cttitlin«.ard Mankt u snipa n...e Casino« ISnatta nul Omme km& a bot Man:alamen Garant( Lol Intlabodm thlo.ht. Mottx.f.A AWna Ria Hm%9nmCmmmm,v nJ >kt"( Caip
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