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Wednesday, June 29, 2016 4:28:37 PM
Regarding ESCU, the complete appraisal has been submitted to the SEC. The SEC is reviewing it now.
The valuation process is described in the S1. A multi-factoral approach was taken by Kerry, and it is described in reasonable detail.
You can bet that the SEC will not put its stamp of approval on the S1 until they are comfortable that the appraisal was done by the book.
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