EFTA01785734

From: Joe Avantario < Sent: Wednesday, July 13, 2016 11:11 PM To: Jeffrey E. Subject: Re: Cash flow Agree taking that out No mortgage on la On Jul 13, 2016, at 7:06 PM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com» wrote: also unlikely that miami gets sold this year. . :59 PM, Joe Avantario <=pan dir="ltr"> < <mailt > wrote: The 15.649 is the use to repay outstanding debt. The source is on the top at sec=nd to last source line From: Jeffrey E. [mailto:[email protected]) Sent: Wednesday, July 13, 2016 6:57 PM To: Joe Avantario < Subject: Re: Cash flow 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 pr=nt this 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 Subject: Re: Cash ;ov. > EFTA_R1_00108093 EFTA01785734 so why isnt it in uses? target="_blank" On Wed Jul 13 2016 at 6:46 PM, Joe Avantario «= href="mailto wrote: This is the intended repayment of a b=idge loan that was taken for non-art uses. OK Thanks From: Jeffrey E. tmailto:[email protected] Sent: Wednesday, July 13, 2016 6:44 PM To: 1 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 «. wrote: We update our cash flow on a weekly basis on Thursdays. </a • In preparing a draft of that with the major changes, besides the thi=gs I mentioned to you previously, we are moving the S40MM 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. 2 EFTA_R1_00108094 EFTA01785735 Josep= Avantario Elysium Management, LLC 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 3 EFTA_R1_00108095 EFTA01785736 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 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] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 4 EFTA_R1_00108096 EFTA01785737