Epstein Secrets

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nd Richard L. Smith, "Market Discounts and Shareholder 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

ON I bod Elding. I k.e.0.:101, peJ1Ø ti«41.:0«, MaSSALMULtuaam %and 0% Nirmihn Ibtan igen. ico% IOIN NA NA NA NA NA NA O Tad 0% !dal Kageno lek IM 11% kok 1,111.: IT 11% MILEGLELLELNIElsa La 44001 ta>. """))1 ,1443490 A Pasen. Raka 1.6snern.OLOIs fMan Inn' Ougiferall anntuk.

nd Richard L. Smith, "Market Discounts and Shareholder 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

ON I bod Elding. I k.e.0.:101, peJ1Ø ti«41.:0«, MaSSALMULtuaam %and 0% Nirmihn Ibtan igen. ico% IOIN NA NA NA NA NA NA O Tad 0% !dal Kageno lek IM 11% kok 1,111.: IT 11% MILEGLELLELNIElsa La 44001 ta>. """))1 ,1443490 A Pasen. Raka 1.6snern.OLOIs fMan Inn' Ougiferall anntuk.

nd Richard L. Smith, "Market Discounts and Shareholder 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