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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
ad preinx4 IdtpIony pNpD..ardmNit Nous compaisfs prochcIsIMI 4nsbk ntImrk Conn«11,1) (MIMI «w Mes mes ottels...tdos herottt eber hop (gids ani490N. Eaasei arlsurl. aostfeep<udi end 01033. nstdu sdmin% pmerluss ashmss ad Indo. end 11CA 00003 albJp aM14T(iEARmuØnsPndruslluwplrOakllaJ Ma«, Men: rdAaet. id
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
ad preinx4 IdtpIony pNpD..ardmNit Nous compaisfs prochcIsIMI 4nsbk ntImrk Conn«11,1) (MIMI «w Mes mes ottels...tdos herottt eber hop (gids ani490N. Eaasei arlsurl. aostfeep<udi end 01033. nstdu sdmin% pmerluss ashmss ad Indo. end 11CA 00003 albJp aM14T(iEARmuØnsPndruslluwplrOakllaJ Ma«, Men: rdAaet. id
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
ad preinx4 IdtpIony pNpD..ardmNit Nous compaisfs prochcIsIMI 4nsbk ntImrk Conn«11,1) (MIMI «w Mes mes ottels...tdos herottt eber hop (gids ani490N. Eaasei arlsurl. aostfeep<udi end 01033. nstdu sdmin% pmerluss ashmss ad Indo. end 11CA 00003 albJp aM14T(iEARmuØnsPndruslluwplrOakllaJ Ma«, Men: rdAaet. id
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