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n (New York: McGraw-Hill, 2000). CONFIDENTIAL I WTAS LLC 94 EFTA00307489 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June so, 2011 • PMV Studyn. FMV conducted a study on discounts associated with restricted stocks. The study was based on approximately 597 private placements of restricted com
”0. 106 »Mor »te 10.-4078 01.59. Virhnsm, 10.1n S.ImWO<a,1 Nmeloce. I ...n.‘1.,45 Sunt <00818/7 PArtyaR 086,60411.440. Måle En k Mora 0108888, Clumno 7.4.44.»74 k rara» %na». c C antunr. Men», olAubt Cominete. Marks 401.84780 emmer: ms MealtudCtrnatr0a Crummee (Yinl:.nuned0.a.lewrMlnJE.eavine Pr
n (New York: McGraw-Hill, 2000). CONFIDENTIAL I WTAS LLC 94 EFTA00307388 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June so, 2011 • PMV Studyn. FMV conducted a study on discounts associated with restricted stocks. The study was based on approximately 597 private placements of restricted com
”0. 106 »Mor »te 10.-4078 01.59. Virhnsm, 10.1n S.ImWO<a,1 Nmeloce. I ...n.‘1.,45 Sunt <00818/7 PArtyaR 086,60411.440. Måle En k Mora 0108888, Clumno 7.4.44.»74 k rara» %na». c C antunr. Men», olAubt Cominete. Marks 401.84780 emmer: ms MealtudCtrnatr0a Crummee (Yinl:.nuned0.a.lewrMlnJE.eavine Pr
n (New York: McGraw-Hill, 2000). CONFIDENTIAL I WTAS LLC 94 EFTA00307287 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June so, 2011 • PMV Studyn. FMV conducted a study on discounts associated with restricted stocks. The study was based on approximately 597 private placements of restricted com
”0. 106 »Mor »te 10.-4078 01.59. Virhnsm, 10.1n S.ImWO<a,1 Nmeloce. I ...n.‘1.,45 Sunt <00818/7 PArtyaR 086,60411.440. Måle En k Mora 0108888, Clumno 7.4.44.»74 k rara» %na». c C antunr. Men», olAubt Cominete. Marks 401.84780 emmer: ms MealtudCtrnatr0a Crummee (Yinl:.nuned0.a.lewrMlnJE.eavine Pr
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