📄 Extracted Text (300 words)
From: jeffrey E. <[email protected]>
Sent: Friday, May 22, 2015 5:04 PM
To: Melanie Spinella
Subject: Fwd: Fw: ART LOAN
brad reviewed
- Forwarded message
From: Brad=Wechsler ce
Date: Fri, May 22, 2015 at 12:44 =M
Subject: Fw: ART LOAN
To: Jeffrey Epstein [email protected] <mailtoje=vacation@gmail,com»
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 Wechsler
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. =AO JEE not happy
about error. I explained to him that in pressing for immediacy I don't have enough time to double check=my work and if
I had more time I would have found bad cell reference
=A0
Richard Joslin
CFO
Elysium Management LLC
445 Park Ave
Ste. 1401
New York, NY 10022
1
EFTA_R1_01627348
EFTA02500409
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EFTA02500410
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