Epstein Secrets

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

lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E

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

lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E

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

lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E