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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
necns. ssIdAk. loc I be VmsuiTJGrudr. In; on A.Nchw. Lk n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1
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
necns. ssIdAk. loc I be VmsuiTJGrudr. In; on A.Nchw. Lk n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1
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
necns. ssIdAk. loc I be VmsuiTJGrudr. In; on A.Nchw. Lk n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1
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