EFTA00995013.pdf

From: Eileen Alexanderson < To: jeffrey E. <[email protected]> Subject: Re: Date: Wed, 06 Aug 2014 03:15:20 +0000 Story in the press looks wrong. All I can tell you is that When Keith Fox and I visited Artsy a few weeks ago they said their cap raise got reported in the same publication as 20 mil and it was only 10. Rich did rec on sales tax. We did receive cap table in $, it jives with what we had been told and John has asked to bank statements to check. Interest payment of 586k was prelates to payback on the bridge loans. Rich said it should not have been booked as interest but it was 2x the first round of bridge loans that were to be paid back 3:1. Payroll taxes are paid by Trinet, who they use for payroll. No cobra. Employees were cut without severance. Employees who want cobra get billed directly. Re litigation- suggestion was made that we ask Pillsbury to attest that there is no known litigation-CEO says there is none. Also PW has built some protective language into the merger agreement. Open to your suggestions on this. Sent from my iPhone On Aug 4, 2014, at 8:34 AM, "jeffrey E." <[email protected]> wrote: to summarize artspace. 1 numbers don't see to match, to press or stories. 2 is john murphy competent to read us financails. 3. did you see any email extending the amount of loans. did tax disrepancies get recitified. , did cap table. ? interst payment of 586k, ? it appears to me is that they are and have been bankrupt for a wwhile. . payroll taxes. cobra? any litigation ? 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 EFTA00995013