For those of you still following the story, RAFI filed some additional documents with the SEC per their comments. Its a fairness opinion and it suggests a fair value of slightly north of $6. Hopefully this will be the last of the comments and we can move forward with the distribution. The presentation does do a good job of explaining what the company does. Enjoy:
http://www.sec.gov/Archives/edgar/data/99249/000119380510001644/e607130_ex99-c2.htm
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