📄 Extracted Text (373 words)
From: David Stern <
Sent: Thursday, April 20, 2017 12:21 PM
To: Jeffrey Epstein
Subject: Re: FF Opportunity
What do you think?
> On 18 Apr 2017, at 03:48, Stefan Krause <I. > wrote:
> Jeffrey,
> thank you for taking my call. I do need your help.
> Faraday Future (FF) is a great story in itself, regretfully surrounded by a=lot of noise around Jia Yueting (YT) and his
other enterprises (LeEco, LeM=ll, LeSports, to name a few). These businesses are not working, so he run o=t of cash. FF is
starving.
> FF build a great electric, connected and autonomous car. Beats Tesla. Prot=type is out and works. Spend to date: 700
Million USD. Founded 2014.
> Use of funds is to finalize testing and engineering, produce and sell. Tha= is 1.1billion USD. Start of Production SOP is
09/2018.
> FF has a graded and serviced piece of land in North las Vegas to build a p=ant. Will use franchised dealer in the US to
sell car.
> FF has a sister company in China Le See for which vehicle engineering is d=ne here in California. Sister companies are
linked by a VIE structure.
> Sister company (LeSee) funding is supported by YT money, large Chinese Gov=rnment funding for factory and product
development and Chinese Bank loans. C=mpletely separate.
> FF is trying to raise 1,0 billion USD Series A. Valuation estimate pre mon=y is 3,0 to 3,5 billion USD now. All based on
paper plan promises and Tesla=comparisons. I think its highly achievable, but open for debate.
> Shareholding of Cayman Holding FF company today: YT 85%, Employees 15%. A 7=0 Million Chinese-raised USD
convertible is out that will convert in Decemb=r.
> Great chance to build a better Tesla. Top engineers, top manufacturing peo=le from Tesla, BMW, Mercedes, Porsche
and Ford. 1.200 Patents witch about 6= of good value belong to FF.
> Further questions, let me know. Appreciate very much your support. It is a=great opportunity.
> Best
> Stefan
EFTA_R1_01894017
EFTA02651682
> <04.2017_FF Teaser_v22.pdf>
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EFTA_R1_01894018
EFTA02651683
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