EFTA02456990

From: jeffrey E. <[email protected]> Sent: Wednesday, July 13, 2016 11:06 PM To: Joe Avantario Subject: Re: Cash flow also unlikely that miami gets sold this year. . <=div> On Wed, Jul =3, 2016 at 6:59 PM, Joe Avantario 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=" wrote: 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 Subject: Re: Cash flow so why isnt it in uses? 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. EFTA_R1_01560522 EFTA02456990 OK Thanks From: Jeffrey E. [mailto:[email protected] Sent: Wednesday, July 13, 2016 6:44 PM To: Joe Avantario Subject: Re: Cash flow 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="mailt target wrote: We update our cash flow on a weekly basis on Thursdays. <1=> • 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 2 EFTA_R1_01560523 EFTA02456991 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 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 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 3 EFTA_R1_01560524 EFTA02456992 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 =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 4 EFTA_R1_01560525 EFTA02456993