Fairness Opinions - Related Party Transactions

2003

Biotechnology

SIGA Technologies, Inc.

Fairness opinion re private sale of stock and warrants to investor.

1996

Data Processing

Digital Video Systems, Inc.

Fairness opinion re acquisition of ViComp Technology, Inc.

2003

Electronics

TeleVideo, Inc.

Fairness opinion re proposed going-private transaction.

1996

Finance

AutoLend Group, Inc.

Fairness opinion re sale of subsidiary to officers in settlement of litigation.

2000

Finance

Home Security International, Inc.

Fairness opinion re sale of 50% of consumer finance company.

1997

Healthcare

California Department of Corporations

Opinion re conversion of Vista Behavioral Health Plans and its sale to Green Spring Health Services, Inc.

2000

Internet

CarsDirect.com, Inc.

Fairness opinion re issuance of high-vote shares.

1999

Internet

Digital Link Corporation

Fairness opinion to purchaser re going-private transaction.

2003

Internet

INSCI Corp.

Fairness opinion re recapitalization of company.

2001

Investment

Clarion Commercial Holdings, Inc.

Fairness opinion re transaction with manager.

2003

Manufacturing

Wilshire Technologies, Inc.

Fairness opinion re going-private transaction.

2003

REITs

Berkshire Income Realty, Inc.

Fairness opinion re exchange offer of preferred stock for units in mortgage trusts.

2002

REITs

Anworth Mortgage Asset Corporation

Fairness opinion re acquisition of management company.

2000

Shipping

Seacor Smit Inc.

Fairness opinion re purchase of barge assets from affiliate.