EFTA02500250.pdf

From: Brad Wechsler Sent: Friday, May 22, 2015 4:44 PM To: Jeffrey Epstein Subject: Fw: ART LOAN Perfect example on why we have to migrate off excel... Sent from my Verizon Wireless BlackBerry From: Richard Joslin Date: Fri, 22 May 2015 15:43:52 +0000 To: Brad Wechsle Subject: ART LOAN My spreadsheet calculates art loan interest and if t=ere is a draw down I calculate incremental interest on the draw down for t=e balance of the year. The thought was to have a dynamic spreadsheet that =s we plan cash flow/ art loan draw downs, the interest would follow. The interest calculation I s=owed was $6.2mm. Upon further review, my calculation for one of the drawdo=ns created an error in excel. The revised calculation was $5.6mm.&nb=p; JEE not happy about error. I explained to him that in pressing for immediacy I don't have enough time to double check my wo=k and if I had more time I would have found bad cell reference Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 1 EFTA_R1_01627090 EFTA02500250