EFTA02334592

To: Sent: on 11/5/ 1 1: Subject: RE: No Subject Hi Amanda: I just left you a Voice mail. I was only in NY for a day or so as I wanted to get back to prepare for the storm which never happened... I left Josh a voice mail this weekend. I had sent an entire Tuleh package to the new CEO of LVMH. Spoke with him today to follow-up. He had already forwarded the info to the head of LV Capital which makes investments in young, up in coming fashion firms. He is going to follow-up and I am actually meeting him in NY on Monday about a variety of matters and will follow-up on status of possible Tuleh investment. After careful review, discussion and basic analysis, I sincerely believe that Tuleh is going to require far more than $500K and also intense management structure and intervention. I also believe that since 9/11, the climate will only be that much more difficult to turn this company around with limited time and capital commitments. I think that these guys are great and have tremendous potential but I do believe that they really need the support of a specific type of investor such as a Luis Vuitton as opposed to myself who is only prepared to inject limited capital and time at this juncture. Let's see what I can do with LVMH and maybe if they "bite," we could co-invest along side them in some limited way. I will call you as soon as I hear back from them shortly. Thanks Philip EFTA_R1_01281518 EFTA02334592