| February 21, 2012 | Salman Report | | | | | |
| 312.8 Mil INT Shares x .72 / share = $225,216,000 Mkt Cap | | | |
| Value per user is defined as market capitalization divided by the number of users | |
| $225,216,000 / 44,800,000 = $5.03 / user + Cash + other Division Valuations (.23 cents) = $5.26 |
| Preceding User Valuation 44,800,000 Users @ $5.03 / User = $225,344,000 / 312.8 Mil Shares |
| .72 cents / share | | | | | | | |
| | | | | | | | |
| July 6, 2012 | $5.03 / 212,000,000 User Monetized Value Estimate | | |
| 312.8 Mil INT Shares x $3.409 / share = $1,066,335,200 Mkt Cap | | | |
| Value per user is defined as market capitalization divided by the number of users | |
| $814,860,000 / 162,000,000 = $5.03 / user + Cash + other Division Valuations (.23 cents) | |
| Jul 6 User Valuation 212,000,000 Users @ $5.03 / User = $1,066,360,000 / 312.8 Mil Shares |
| $3.41 cents / share | | | | | | | |
| | | | | | | | |
| July 6, 2012 | Current Share Price Value | | | | |
| 312.8 Mil INT Shares x .35 / share = $109,480,000 Mkt Cap | | | |
| Value per user is defined as market capitalization divided by the number of users | |
| $109,480,000 / 212,000,000 = $.516 / user + Cash + other Division Valuations (.23 cents) | |
| Jul 6 User Valuation 212,000,000 Users @ $.516 / User = $109,392,000 / 312.8 Mil Shares | |
| .35 cents / share | | | | | | | |
| | | | | | | | |
| Delta $3.41 - .35 = $3.06 | | | | | | | |
| Upside Potential Rtn | | | | | | | |
| 874.3% | | | | | | | |