Epstein Secrets

n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1 194% 1.0 176% 1.0 163% 03 N N EFTA00307483 LOG

y was based on approximately 72 restricted stock transactions 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 1

n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1 194% 1.0 176% 1.0 163% 03 N N EFTA00307382 LOG

y was based on approximately 72 restricted stock transactions 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 1

n r. 31:11se maa Mantramo 9 Ns A !mono Lla t 1,01,011.440 A..44 Ming t ro, 14.1 r , Msks CorshO t 4.4...4.~.31sweentri Ine Filmen. ha& ijlt Paul C 5 INA Mades % 14411 30 os. 2.4 7.14% 1.9 5.10% 590% I.? 433*. 1.6 4." 4.41% 1.1 194% 1.0 176% 1.0 163% 03 N N EFTA00307281 LOG

y was based on approximately 72 restricted stock transactions 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 1