EFTA01783704

From: Joe Avantario Sent: Wednesday, July 13, 2016 11:17 PM To: Jeffrey E. Cc: Brad Wechsler Subject: Re: Cash flow No all cash is in cash balances This means we don't break out details of spending for those amounts On Jul 13, 2016, at 7:13 PM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com» wrote: ? this means he has cash? crnailtc wrote: On Wed, Jul 13, 2016 at 7:11 PM, Joe Avantario apan dir="ltr"> > wrote: Leon personal On Jul 13, 2016, at 7:09 PM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com» also what is cash reserve with paranthesis mean? On Wed, Jul 13, 2016 at 6:59 PM, Joe Avantario <=pan dir="ltr"> <mailto last source line > wrote: The 15.649 is the use to repay outstanding debt. The source is on the top at sec=nd to From: jeffrey E. [mailto:[email protected] Sent: Wednesday, July 13, 2016 6:57 PM To: Joe Avantario < <mailto > Subject: Re: Cash flow EFTA_R1_00104526 EFTA01783704 if the yacht sale is 15.175 why is the source 15, 6=9? On Wed, Jul 13, 2016 at 6:49 PM, Joe Avantario «= href="mailto target="_blank wrote: Conserving lines as we can't print =his on one document if we add more lines From: jeffrey E. [mailto:[email protected] Sent: Wednesday, July 13, 2016 6:49 PM To: Joe Avantario <mailto > Subject: Re: Cash flow so why isnt it in uses? href="mailto On Wed, Jul 13, 2016 at 6:46 PM, Joe Avantario «= ' target="_blank"> wrote: This is the intended repayment of a b=idge loan that was taken for non-art uses. OK Thanks From: jeffrey E. [[email protected] Sent: Wednesday, July 13, 2016 6:44 PM To: Joe Avantario Subject: Re: Cash flow why is there a 20 million with parenthesis&nbs=; in sources and art loan? there should never be p=renthesis . ever . there are sources there a=e uses. there is also beginning cash and beginning debt. =final cash and final cash. you should assume the plane value at 12. so an 80 percen= loan would be 9.6. , . assume the boat to b= 12 net. . and miami at 14. net. href="mailto On Wed, Jul 13, 2016 at 6:34 PM, Joe Avantario «= ' target="_blank"> > wrote: We update our cash flow on a weekly basis on Thursdays. </=> 2 EFTA_R1_00104527 EFTA01783705 ' In preparing a draft of that with the major changes, besides the thi=gs I mentioned to you previously, we are moving the $40MM in art sales to =he end of the year based on our discussion with Leon. ▪ This move together with some new art purchases and other unknowns (i=e. the exact pay down amount for the plane loan) is creating a deficit for=us. * We intend to deal with those issues by increasing the art loan. <=u> • We have conceptually discussed these items with Leon and will be add=essing the proposed increase amount with him shortly. Josep= Avantario Elysium Management, LLC 445 Park Avenue Suite 1401 New York NY 10022 Tel =Cell <tel: > <mailto: please no=e The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_00104528 EFTA01783706 please no=e The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please no=e The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this 4 EFTA_R1_00104529 EFTA01783707 communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 5 EFTA_R1_00104530 EFTA01783708