Epstein Secrets

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tions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Res

< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-111

tions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Res

< <003003 Mluee4EPS SAMMIEMIIMMI ChI4 11404 09:940:44 Cal fre bwels. '4.4. ErtnIltandas I Whohouni A Amin. a 4iul Etpowlnin Ynge Show lidés Crtimutikeims Equlgineni MILT Pap k (hs. Fard Vin MR. LTM Ftal Ter Est., Drt31.4990 Det.31.2019 Dets34.3010 Y3rll 2411 30)3 57433 5MM 1RC I 59493 51.1474 51-111

tions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Res