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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
alo " 4 9494 494493 10411Lmal BL:10ary 44^1,93 Ia asAndun aks (sulden bad pal, ani:lor-n udnumOMmat InallaseOnr budo.% anl sanalet 11(aleht(itimist (Indom... Lib.waden 4rtinutiniy daia. sul dubbab sl0pal prosnms InaldMm.du cuttrigu elárs BlukLUrr, labnmal urm, seruces. rotruarratly ripUts. ani berrtug
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
alo " 4 9494 494493 10411Lmal BL:10ary 44^1,93 Ia asAndun aks (sulden bad pal, ani:lor-n udnumOMmat InallaseOnr budo.% anl sanalet 11(aleht(itimist (Indom... Lib.waden 4rtinutiniy daia. sul dubbab sl0pal prosnms InaldMm.du cuttrigu elárs BlukLUrr, labnmal urm, seruces. rotruarratly ripUts. ani berrtug
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
alo " 4 9494 494493 10411Lmal BL:10ary 44^1,93 Ia asAndun aks (sulden bad pal, ani:lor-n udnumOMmat InallaseOnr budo.% anl sanalet 11(aleht(itimist (Indom... Lib.waden 4rtinutiniy daia. sul dubbab sl0pal prosnms InaldMm.du cuttrigu elárs BlukLUrr, labnmal urm, seruces. rotruarratly ripUts. ani berrtug
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