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3. Summary of Proposed Values and Court’s Determinations of Values of Interests
in Eighty-Eight Oil
Value as of Book value Statutory Kimball Final Lax Respondent’s Court’s
January 1, 1993 reported onnotice value reports report position values
return
Marketable Minority Value N/A N/A $25,174,683 N/A $25,174,683$25,174,683
Less: Marketability (8,811,139) (2,517,468)(2,517,468)
Discount N/A N/A 35% N/A 10% 10%
Nonmarketable Minority
Value N/A N/A 16,363,544 N/A 22,657,215 22,657,215
Value of 24.84% Interests
(total) Transferred to
True Sons 2,556,378 13,248,002 4,064,704 N/A 5,628,052 5,628,052
Value as of
June 4, 1994
Marketable Minority Value N/A N/A 31,069,285 40,000,000 40,000,000 31,069,285
Less: Marketability (10,874,250) (18,000,000) (3,106,928)
Discount N/A N/A 35% 45% N/A 10%
Nonmarketable Minority
Value N/A N/A 20,195,035 22,000,000 40,000,000 27,962,357
Value of 38.47% Interest
Owned at Dave True’s
Death 9,546,285 26,505,830 7,769,030 8,463,400 15,388,000 10,757,119
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