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DeJoria. Thus, we find that the value of the shares of stock at
the moment of decedent’s death was $41,532,600.
We calculated this amount as follows:
Value of JPMS at the moment immediately
prior to Mr. Mitchell’s death $150,000,000
Less: Discount to reflect the loss of
Mr. Mitchell to JPMS (15,000,000)
Value of JPMS at the moment of Mr.
Mitchell’s death 135,000,000
Percent of trust’s interest in JPMS x 49.04
Value of trust’s interest in JPMS before
discounts 66,204,000
Discount for lack of marketability and
minority interest (35%) (23,171,400)
43,032,600
Discount for possibility of lawsuit (1,500,000)
Value of trust’s interest in JPMS after
discounts 41,532,600
To reflect the foregoing,
Decision will be entered as
previously entered on January 5,
1999.
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