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ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 20, 2011 Exhibit J: Market Approach: Public Company Market Multiple Method OVERVIEW In the PCMMM, valuation multiples are calculated based on operating data from publicly traded guideline companies. Multiples derived from guideline companies pr
and Series t-A pre& Call IS- Call s6 BetweenSeries i-A & r-B sod Series -Cs lig. pref. Call as - Call vs BetweenSeries i-Cs and Series 22 basic Ox) lig. pref. Call 13- Call t4 Between Serks 2b basic(.]) and Series 3's lig. pref. Call a2- Call v3 BetweenSeries VI sod Series gb S's lig. pref. Call
ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 20, 2011 Exhibit J: Market Approach: Public Company Market Multiple Method OVERVIEW In the PCMMM, valuation multiples are calculated based on operating data from publicly traded guideline companies. Multiples derived from guideline companies pr
and Series t-A pre& Call IS- Call s6 BetweenSeries i-A & r-B sod Series -Cs lig. pref. Call as - Call vs BetweenSeries i-Cs and Series 22 basic Ox) lig. pref. Call 13- Call t4 Between Serks 2b basic(.]) and Series 3's lig. pref. Call a2- Call v3 BetweenSeries VI sod Series gb S's lig. pref. Call
ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie 20, 2011 Exhibit J: Market Approach: Public Company Market Multiple Method OVERVIEW In the PCMMM, valuation multiples are calculated based on operating data from publicly traded guideline companies. Multiples derived from guideline companies pr
and Series t-A pre& Call IS- Call s6 BetweenSeries i-A & r-B sod Series -Cs lig. pref. Call as - Call vs BetweenSeries i-Cs and Series 22 basic Ox) lig. pref. Call 13- Call t4 Between Serks 2b basic(.]) and Series 3's lig. pref. Call a2- Call v3 BetweenSeries VI sod Series gb S's lig. pref. Call
Entities connected to both PCMMM and Ox) lig.
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