Eidelman Virant Capital’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-5,000	Closed	-$55K	–	187
2014 Q2	$55K	Sell	5,000 -30,000	-86%	-$330K	0.02%	178
2014 Q1	$340K	Sell	35,000 -22,500	-39%	-$219K	0.16%	108
2013 Q4	$526K	Buy	57,500 +2,500	+5%	+$22.9K	0.22%	98
2013 Q3	$538K	Buy	+55,000	New	+$538K	0.28%	77