EFTA01783652.pdf

From: Brad Wechsler < Sent: Wednesday, August 31, 2016 8:33 PM To: Jeffrey Epstein Subject: Fw: Re: Remarkable, no? Sent from my Verizon Wireless BlackBerry From: Joe Avantario Date: Wed, 31 Aug 2016 18:58:57 +0000 To: Brad Wechsler Cc: John Castrucci Subject: RE: Re: The GA=P financials show a Loss of $1.47MM not income. We will provide Rich with any support he needs Joe Begin forwarded message: From: Brad Wec=sler Date: August 31, 2016 at 1:28:58 PM EDT To: Richard Joslin <mailto: > >, John Castrucci <mailto > > Cc: Joe Avantario < <mailtoM >> Subject: Re: Reply-To: Brad Wechsler «mailto >> Joe/john/rich-wld you=please get on top of this. I need real, 2015 verified numbers for book P&a=p;L and tax. This shldnt be a big deal. Ditto on artspace and phaidon and =haidon Ilc. These books have been closed--or shld have been closed--a long time ago?? Sent from my Verizon Wireless BlackBerry Original Message From: Richard Joslin Date: Wed, 31 Aug 2016 17:03:30 To: Brad Wechsler Castrucci Cc: Joe Avantario Subject: RE: See John Murphy financials attached. Realize that commssions are capi=alized into cost of book are not expensed so cash contributions by owner w=ll not be directly correlated to P&L GAAP This is not tax numbers but GAAP. Regan Arts will have tax adjustments to inventory that will change COGS EFTA_R1_00104450 EFTA01783652  I have not looked at this too closely as not yet a priority. BDO team that =id last year is in process of looking at the inventory capitalization. I h=ve all the information from John Mutphy for them to perform the work BDO bookkeeping started work in 2016 and 2016 books are managed by them Original Message From: Brad Wechsler Sent: Wednesday, August 31, 2016 12:56 PM To: John Castrucci < mailto >; Richard Joslin Subject: Btw, jeffrey seemed to interpret what rich said yesterday as regan arts mak=ng taxable income in '15. Can that be correct? Sent from my Verizon Wireless BlackBerry 2 EFTA_R1_00104451 EFTA01783653