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21.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(04.9). Ile 994944ii 410. in OeNln.un rump:. MAI& Lad. Africa. 4441 AM Pacific. Insixcli I0ma6a1 SA. a» kterakd n 1981 and 9 bane» tri App/s.S. limb» Sixt WebriN "0~ 4 »449755 last 1191.4 V444 301,411 30gfll I1Ø twat Fin
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
21.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(04.9). Ile 994944ii 410. in OeNln.un rump:. MAI& Lad. Africa. 4441 AM Pacific. Insixcli I0ma6a1 SA. a» kterakd n 1981 and 9 bane» tri App/s.S. limb» Sixt WebriN "0~ 4 »449755 last 1191.4 V444 301,411 30gfll I1Ø twat Fin
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
21.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(04.9). Ile 994944ii 410. in OeNln.un rump:. MAI& Lad. Africa. 4441 AM Pacific. Insixcli I0ma6a1 SA. a» kterakd n 1981 and 9 bane» tri App/s.S. limb» Sixt WebriN "0~ 4 »449755 last 1191.4 V444 301,411 30gfll I1Ø twat Fin
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
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