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f the Company as well as an analysis of future growth expectations in our estimation of the Company's cost of equity financing. The SSp was based on Morningstar's Stocks, Bonds, Bills, CONFIDENTIAL I WTAS LLC 27 EFTA00307422 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 2o, 2011 and Inflation Valu
ension ntdrIE Enna. flan arm nigh On <spiral $11111.011C of On ndwrzy ar On Saloon* Mrs. ' Risk.inn rart Raid <a ',ono S Fran) ast. SdnIsSI ~PROM. RoSerra sorplynictir kinc.lendana ERP nos 2011 »Noun SRO, Yt.~ Small suet prernisni &Ina a noiroany mulct capitalization In che bill* des*. I ether prcmisn irnorpmern kindled die ink asannae
f the Company as well as an analysis of future growth expectations in our estimation of the Company's cost of equity financing. The SSp was based on Morningstar's Stocks, Bonds, Bills, CONFIDENTIAL I WTAS LLC 27 EFTA00307321 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 2o, 2011 and Inflation Valu
ension ntdrIE Enna. flan arm nigh On <spiral $11111.011C of On ndwrzy ar On Saloon* Mrs. ' Risk.inn rart Raid <a ',ono S Fran) ast. SdnIsSI ~PROM. RoSerra sorplynictir kinc.lendana ERP nos 2011 »Noun SRO, Yt.~ Small suet prernisni &Ina a noiroany mulct capitalization In che bill* des*. I ether prcmisn irnorpmern kindled die ink asannae
f the Company as well as an analysis of future growth expectations in our estimation of the Company's cost of equity financing. The SSp was based on Morningstar's Stocks, Bonds, Bills, CONFIDENTIAL I WTAS LLC 27 EFTA00307220 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 2o, 2011 and Inflation Valu
ension ntdrIE Enna. flan arm nigh On <spiral $11111.011C of On ndwrzy ar On Saloon* Mrs. ' Risk.inn rart Raid <a ',ono S Fran) ast. SdnIsSI ~PROM. RoSerra sorplynictir kinc.lendana ERP nos 2011 »Noun SRO, Yt.~ Small suet prernisni &Ina a noiroany mulct capitalization In che bill* des*. I ether prcmisn irnorpmern kindled die ink asannae
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