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Based on the suggestion from the audit committee ("Audit Committee") of the Company’s board of administrators (the "Board") as described below, on September 27, 2015, the Board, together with all of its unbiased directors, accredited and established an estimated value per share of the Company’s widespread stock of $9.70 primarily based on an estimated market worth of the Company’s property much less the estimated market worth of the Company’s liabilities, divided by the number of shares excellent, as of August 31, 2015. The corporate is offering this estimated value per share to help broker-dealers that participated in the Company’s public offering in assembly their buyer account assertion reporting obligations under National Association of Securities Dealers Conduct Rule 2340. The estimated value per share will first seem on stockholder account statements for the month of September 2015. That is the first time that the Board has determined an estimated worth per share of the Company’s frequent inventory.
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