EFTA01916592

To: Jeffrey [email protected] From: Richard Kahn Sent Thur 8/7/2014 7:53:52 PM Subject Bruce options i spoke with Vahe who sent list below to his desk he said that on all 4 options below at best they could get 0.05 above bids, however they had concerns on the COWN since bruce owned all of outstanding interest of 215 calls bruce has not bought anything per your marching orders and has not sold anything today account value as of 3:52pm is 3,504,240 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor Ne 2 tel cel Begin forwarded message: From: Richard Kahn Subject: options Date: August 7, 2014 at 2:21:38 PM EDT To: Vahe Stepanian Cc: Tazia Smith as discussed earlier can you please give us some feedback on where these positions could be liquidated BZH Jan 17 2015 20 strike calls 390 quantity bid 0.60 / ask 0.80 COWN Jan 17 2015 2.5 strike calls 215 quantity bid 1.55 / ask 1.80 YRCW Oct 18 2014 22.5 strike calls 30 quantity bid 1.81 / ask 2.01 ZIOP Oct 18 2014 3 strike calls 210 quantity 0.70 / 1.00 EFTA_R1_00358378 EFTA01916592 thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fa cel EFTA_R1_00358379 EFTA01916593