EFTA02456820

From: jeffrey E. <[email protected]> Sent: Wednesday, July 13, 2016 10:52 PM To: Melanie Spinella Subject: Fwd: Cash flow )?2 Forwarded mes=age From: Joe Avantario <mailto Date: Wed, Jul 13, 2016 at 6:49 PM Subject: =E: Cash flow To: "jeffrey E." <[email protected] <mailto:[email protected]» Cc: Brad Wechsler Conserving lines as we can't =rint 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 < <mailto Subject: Re: Cash flow so why isnt it in uses? On Wed, Jul 13, 2016 at 6:46 PM, Joe Avantario «= href="mailto 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. [mailto:[email protected] Sent: Wednesday, July 13, 2016 6:44 PM > To: Joe Avantario <mailto > Subject: Re: Cash flow EFTA_R1_01560262 EFTA02456820 why is there a 20 million with parenthesis =AO in sources and art loan? there should never be =arenthesis . ever . there are sources there =re uses. there is also beginning cash and beginning debt. final cash and final cash. you =hould assume the plane value at 12. so an 80 percent loa= would be 9.6. , . assume the boat to be 12=C2 net. . and miami at 14. net. On Wed, Jul 13, 2016 at 6:34 PM, Joe Avantario «= href="mailto target="_blank > wrote: We update our cash flow on a weekly basis on Thursdays. <1=> Pi • 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. <tel:% > =Cell <mailto please no=e <tel:% > 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 2 EFTA_R1_01560263 EFTA02456821 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] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved =AO please note The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, pl=ase notify us immediately by return e-mail or by e-mail to [email protected], a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved 3 EFTA_R1_01560264 EFTA02456822