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median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
twat sc.. Ow wail II OM fl ea...try • ily• •riall I SWOP WAW Sow: MAW Sow!. MAW Ufa. Unswwwww erWe HAW O.ae. wwlw.nSa MM. Cotownwin Ile. W Conflownnus Wait IC LAW intl., If LW! SIMI Leal SZSAW CL”)) Connmven in • i•e•srtio leM)Coffintwqr...thibnik. Il 23)Coesionar•ba Waal Uniomnaws WWI )
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
twat sc.. Ow wail II OM fl ea...try • ily• •riall I SWOP WAW Sow: MAW Sow!. MAW Ufa. Unswwwww erWe HAW O.ae. wwlw.nSa MM. Cotownwin Ile. W Conflownnus Wait IC LAW intl., If LW! SIMI Leal SZSAW CL”)) Connmven in • i•e•srtio leM)Coffintwqr...thibnik. Il 23)Coesionar•ba Waal Uniomnaws WWI )
median discounts from the restricted stock studies. SUMMARY OF RESTRICTED STOCK STUDIES [SEC Studies (non-reporting OTC companies [Gelman Study [Moroney Study $Maher Study [Trout Study [Standard Research Consultants Study [Silber Study [Management Planning, Inc. Study [FMV Study [Hertzel - Smith Stud
twat sc.. Ow wail II OM fl ea...try • ily• •riall I SWOP WAW Sow: MAW Sow!. MAW Ufa. Unswwwww erWe HAW O.ae. wwlw.nSa MM. Cotownwin Ile. W Conflownnus Wait IC LAW intl., If LW! SIMI Leal SZSAW CL”)) Connmven in • i•e•srtio leM)Coffintwqr...thibnik. Il 23)Coesionar•ba Waal Uniomnaws WWI )
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