📄 Extracted Text (391 words)
From: David Mitchell <
Sent: Saturday, June 3, 2017 8:52 PM
To: Jeffrey E.
Subject: Re:
are you in NY would take me 3 min to explain
Seems footnote got consolidated in to one sentence
It means to say investor notes will be paid from bank loan modificatio=
AND the reimbursements owed to me were ,as of May 17 were =991,689
that is the day we submitted all the back up ( receipts and chec=s)to his accountant
Will do the same on June 17
Right now my estimate is that the $991,689 has grown to $1,200,000
The extra money he wants over and above the $500,000 that was allocate= at the inception ,is a new ask on his part (as
of a week ago) and is not =art of the budget yet as I have not agreed to it
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
<1=> <mailto
On Jun 3, 2017, at 4:39 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote:
i dont umderstand many of the entries. its say= 991 paid off, but top shows all. . ? no operating=costs
remaining? for ex. . . where is the extra re=taurant amounts.
On Sat, Jun 3, 2017 at 4:25 PM, David Mitchell <=pan dir="ltr"> <
<mailto » wrote:
fyi,
EFTA_R1_01885219
EFTA02647314
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
0 >
Begin forwarded message:
From: >>
please find the up to date information
This does not take in account mini construction loan funding from DB t= cover the extras and
the buildout of back four rooms
The request was $860,237 , which would reduce if granted the the secon= round of investor
notes by that amount
It was not included as it has not been approved
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