From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Melanie Spinella Subject: Date: Fri, 01 Aug 2014 00:56:57 +0000 I have only seen rough cash flow projections, produced by phaidon. . rough balance sheet, unaudited, told that loans are getting paid, 300 percent. of principle.. no real handle on liabilities seperate form a minimum of 500 k commmions, owed. told that shareholders all had the opportunity to loan under same terms , one loan is from a relative , dont see 12 million investment . see 17 million valuation of b round, told that there is another bid, but probably for stock in another entity , ( cannot guess actual value , ), indeminities.? eileen said that ceo invested 1.2 million of her own money , don't see it.. and she is agreeing it is worthless, but is also getting a signing bonus? , I am flying this morning will be availible around 3 pm , email me if urgent. 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 EFTA00994033