Epstein Secrets

Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307490 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

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Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307389 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307360 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01

Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 From Bruce Johnson, "Restricted Stock Discounts, 1991-95," Shannon Pratt's Business Valuation Update, March 1999, pp. 1.3. CONFIDENTIAL I WTAS LIC 95 EFTA00307288 APPENDIX 3 Appraisers' Qualifications ALIPHCOM — COMMON EQUITY VALUATION As o

j tee c c: M!1 1 s ... rt / If / i em' efilz hitt EFTA00307259 L9 ras we HOW imps nreaveawo (to Ping Aryies.lhamano (co 1.1.“4.111es.Jhumano (hva (.1....h.sonwano (tap MOM Zahn inn t i ral V. I —Cl 1111, 431(01 labs I r Ins *to wskutavao cal oecionsfAnno thy,' I *wimp.% Mt •••/01