Epstein Secrets

449fflyi Yaw( attain, 44w7cul eclat( 111) likkG•VatilIC,~4. pnit190.. HT/ .4eanceiektca.9 4(17(44(045.144494t( »luau( lure solalaan. »No n44.09(ercul i(aftw4t9 4441i(liNCI q,u5qun v aid 4400 (men~li(a... 44114 •11.b) 021.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(0

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

449fflyi Yaw( attain, 44w7cul eclat( 111) likkG•VatilIC,~4. pnit190.. HT/ .4eanceiektca.9 4(17(44(045.144494t( »luau( lure solalaan. »No n44.09(ercul i(aftw4t9 4441i(liNCI q,u5qun v aid 4400 (men~li(a... 44114 •11.b) 021.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(0

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

449fflyi Yaw( attain, 44w7cul eclat( 111) likkG•VatilIC,~4. pnit190.. HT/ .4eanceiektca.9 4(17(44(045.144494t( »luau( lure solalaan. »No n44.09(ercul i(aftw4t9 4441i(liNCI q,u5qun v aid 4400 (men~li(a... 44114 •11.b) 021.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(0

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