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estricted stocks of companies whose unrestricted shares are freely traded and (ii) studies of private transactions prior to initial public offerings el PO"). While both the restricted stock and pre-IPO studies have been used by appraisers to derive adjustments for lack of marketability, we believe tha
mns4.40gobii 5232311 MILT 11.44.9. NA 52142011 Aalr..r Frm1A Y.nryLLP Ctidoul VIM 0sa1].yan 1~51~ maste TIuSur Vaas, lam Woel Isle Mulb. Lui Vek 101ma Perlarmien R1MM Vim MI 510 Vim NASDAQ II/ DlIA VTD NA 1.14 I.90 428 158 15.3 1553%1 Nf 0,1%1 4.3% ~Ter Talm L ~al Vin [adé.. 1
estricted stocks of companies whose unrestricted shares are freely traded and (ii) studies of private transactions prior to initial public offerings el PO"). While both the restricted stock and pre-IPO studies have been used by appraisers to derive adjustments for lack of marketability, we believe tha
mns4.40gobii 5232311 MILT 11.44.9. NA 52142011 Aalr..r Frm1A Y.nryLLP Ctidoul VIM 0sa1].yan 1~51~ maste TIuSur Vaas, lam Woel Isle Mulb. Lui Vek 101ma Perlarmien R1MM Vim MI 510 Vim NASDAQ II/ DlIA VTD NA 1.14 I.90 428 158 15.3 1553%1 Nf 0,1%1 4.3% ~Ter Talm L ~al Vin [adé.. 1
estricted stocks of companies whose unrestricted shares are freely traded and (ii) studies of private transactions prior to initial public offerings el PO"). While both the restricted stock and pre-IPO studies have been used by appraisers to derive adjustments for lack of marketability, we believe tha
mns4.40gobii 5232311 MILT 11.44.9. NA 52142011 Aalr..r Frm1A Y.nryLLP Ctidoul VIM 0sa1].yan 1~51~ maste TIuSur Vaas, lam Woel Isle Mulb. Lui Vek 101ma Perlarmien R1MM Vim MI 510 Vim NASDAQ II/ DlIA VTD NA 1.14 I.90 428 158 15.3 1553%1 Nf 0,1%1 4.3% ~Ter Talm L ~al Vin [adé.. 1
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