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et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
Date and discussions with management 47 Bloomberg and Capital IQ 33 Bloomberg and Capital IQ 10 The Articles and discussions with management mmon Stock Analysis • Capitalization table • Option and warrant detail Conversion rights, dividends, preferences, and voting rights Current value of underlying
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
Date and discussions with management 47 Bloomberg and Capital IQ 33 Bloomberg and Capital IQ 10 The Articles and discussions with management mmon Stock Analysis • Capitalization table • Option and warrant detail Conversion rights, dividends, preferences, and voting rights Current value of underlying
et, 3 ni floor San Francisco, CA 94103 Dear Mr. Tamaru: We have completed our analysis of the fair market value of the common equity of AliphCom ("Aliph" or the "Company") on a per share basis (the "Subject Interest") as of June 20, 2011 (the "Valuation Date"). We understand that our valuation of th
Date and discussions with management 47 Bloomberg and Capital IQ 33 Bloomberg and Capital IQ 10 The Articles and discussions with management mmon Stock Analysis • Capitalization table • Option and warrant detail Conversion rights, dividends, preferences, and voting rights Current value of underlying
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