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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
Yea Lel 94441 3.7 Ij.i0 M.A. .16 Lea Yost 1141a0Sti smu SIMI YID 05.1%1 afro Aro NASDAQ YID 014041 DMA Y11) 4.1% IMAM Va. Estop. 11n1 Vat Loam Det431,10/11 OnJ1.309 De011.14.00 &VII 3111 MIT CV Me m". 00% 0,015 0.76. 105. 031' OM % 1111 NM NM 112. 44. 5.1, CV !EMT NM NM
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
Yea Lel 94441 3.7 Ij.i0 M.A. .16 Lea Yost 1141a0Sti smu SIMI YID 05.1%1 afro Aro NASDAQ YID 014041 DMA Y11) 4.1% IMAM Va. Estop. 11n1 Vat Loam Det431,10/11 OnJ1.309 De011.14.00 &VII 3111 MIT CV Me m". 00% 0,015 0.76. 105. 031' OM % 1111 NM NM 112. 44. 5.1, CV !EMT NM NM
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
Yea Lel 94441 3.7 Ij.i0 M.A. .16 Lea Yost 1141a0Sti smu SIMI YID 05.1%1 afro Aro NASDAQ YID 014041 DMA Y11) 4.1% IMAM Va. Estop. 11n1 Vat Loam Det431,10/11 OnJ1.309 De011.14.00 &VII 3111 MIT CV Me m". 00% 0,015 0.76. 105. 031' OM % 1111 NM NM 112. 44. 5.1, CV !EMT NM NM
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