EFTA Document EFTA01387693

From: Paul Barrett Sent: 4/20/2018 12:12:54 PM To: Vahe Stepanian CC: Stewart Oldfield Subject: RE: RIN follow up ; Martin Zeman ( 1 One more - what default/cumm loss assumptions are they using to get the expected return of 12-15%? Paul Barrett Alpha Group Capital LLC a ALPHA GROUP CAPITAL. From: Vahe Stepanian < Sent: Thursday, A ril 19, 2018 5:53 PM To: Paul Barrett < > Cc: Stewart Oldfield < > Subject: RE: RIN follow up Paul- Apologies for the delayed response - had a