Bất kỳ văn bản hiển thị bất kỳ cung cấp để mua hoặc bán hoặc chỉ quan tâm đến việc mua hoặc bán cổ phần bị hạn chế cáo bạch công ty mới nhấtgiá giao dịch và khối lượng giao dịch và lớp học có liên quan của chứng khoán giao dịch một tháng trước ngày định giá mối quan hệ của các bên tham gia thoả thuận | Addendum 499 Any documents showing any offers to buy or sell or indications of interest in buying or selling the restricted shares Latest company prospectus Three to five years of annual reports Trading prices and trading volume and the related class of traded securities one month preceding the valuation date The relationship of the parties to the agreements concerning the restricted stocks such as whether they are members of the immediate family or whether they are officers or directors of the company Whether the interest being valued represents a majority or minority ownership 6. Weighing Facts and Circumstances Material to Restricted Stock Valuation _ Depending on the circumstances of each case certain factors may carry more weight than others _ Earnings net assets and net sales must be given primary consideration _ In some cases one element may be more important than others _ For manufacturing producing or distributing companies primary weight must be accorded earnings and net sales _ For investment or holding companies primary weight must be given to the net assets _ Careful review of resale provisions found in restricted agreements The two elements of time and expense should be reflected in a discount _ The longer the buyer of the shares must wait to liquidate the shares the greater the discount _ If certain provisions make it necessary for the buyer to bear the expense of registration the discount is greater _ If the provisions of the restricted stock agreement make it possible for the buyer to piggyback shares of the next offering the discount would be smaller _ The relative negotiating strengths of the buyer and seller of restricted stock _ A tight money situation may cause a buyer to have more negotiating strength _ In some cases the relative strengths may tend to cancel each other _ The market experience of freely tradable securities of the same class as .
