EFTA01913554

To: Richard Joslin From: Jeffrey E. Sent: Fri 8/1/2014 12:18:58 PM Subject: Re: FW: Artspace Financials 1F12014 I dont trust these at all. no sales tax. ? no tax at all. ? art inventory on hand? as a broker? . emplyment releases. On Fri, Aug 1, 2014 at 8:03 AM, Richard Joslin wrote: From: Richard Joslin Sent: Friday, August 01, 2014 8:01 AM To: 'John Murphy'; Eileen Alexanderson Subject: RE: Artspace Financials 1H 2014 Adds' debt in June (principally Canaan) $860K; then there was an interest expense payment in June of $563K?? As there was no debt prior to June, this needs explanation. Ostensibly the loan infusion did not go into funding ops Also in June is a contra-commission (reduction of liability) — not clear why this was booked and what journal entry was. Why such large legal bill March/April -$285K. Also $12K of legal capitalized in that period. From: John Murphy [mailt Sent: Thursday, July 31, 20 : To: Eileen Alexanderson; Richard Joslin Subject: FW: Artspace Financials 1H 2014 From: Catherine Levene EFTA_R1_00351700 EFTA01913554 Sent: Tuesday, July 29, 2014 3:45 PM To: John Murphy Subject: Artspace Financials 1H 2014 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 jeevacation@gmail,com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00351701 EFTA01913555