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915 5160,730 5173,557 5185,706 S196.848 ar % of manic 4.7% .18.5% .20.3% .35.1% •19.9% 0.8% 7.0% 14.7% MA% 20.0% 20.0% 20.0% 20.0% Reasonablenes, ['heck Guideline Company Indications Range 01% to 30.0% )4.Wsxn 13.8% A erase 12.6% 5) INCOME TAX EXPENSE. The elfective income tax late
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
915 5160,730 5173,557 5185,706 S196.848 ar % of manic 4.7% .18.5% .20.3% .35.1% •19.9% 0.8% 7.0% 14.7% MA% 20.0% 20.0% 20.0% 20.0% Reasonablenes, ['heck Guideline Company Indications Range 01% to 30.0% )4.Wsxn 13.8% A erase 12.6% 5) INCOME TAX EXPENSE. The elfective income tax late
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
915 5160,730 5173,557 5185,706 S196.848 ar % of manic 4.7% .18.5% .20.3% .35.1% •19.9% 0.8% 7.0% 14.7% MA% 20.0% 20.0% 20.0% 20.0% Reasonablenes, ['heck Guideline Company Indications Range 01% to 30.0% )4.Wsxn 13.8% A erase 12.6% 5) INCOME TAX EXPENSE. The elfective income tax late
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
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