Epstein Secrets

n the new activity band market. 3 Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program. CONFIDENTIAL I WTAS LLC 9 EFTA00307404 EXHIBIT B Historical Financial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 20

did not necessarily mean that marketability discounts were generally lower; riskier companies generally could not complete an IPO in 2001. ie From Brian V- Pearson, 'The zoo! Marketability Discount Study," CPA Expert, Spring 2002; Pearson, t2000 Marketability Discounts as Reflected in Initial Public Of Busines

n the new activity band market. 3 Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program. CONFIDENTIAL I WTAS LLC 9 EFTA00307303 EXHIBIT B Historical Financial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 20

did not necessarily mean that marketability discounts were generally lower; riskier companies generally could not complete an IPO in 2001. ie From Brian V- Pearson, 'The zoo! Marketability Discount Study," CPA Expert, Spring 2002; Pearson, t2000 Marketability Discounts as Reflected in Initial Public Of Busines

n the new activity band market. 3 Originally used for military applications, with its participation in a Defense Advanced Research Projects Agency (DARPA) program. CONFIDENTIAL I WTAS LLC 9 EFTA00307202 EXHIBIT B Historical Financial Analysis ALIPHCOM - COMMON EQUITY VALUATION As of June 20, 20

did not necessarily mean that marketability discounts were generally lower; riskier companies generally could not complete an IPO in 2001. ie From Brian V- Pearson, 'The zoo! Marketability Discount Study," CPA Expert, Spring 2002; Pearson, t2000 Marketability Discounts as Reflected in Initial Public Of Busines