EFTA02593743.pdf

From: Eileen Alexanderson < Sent: Wednesday, November 5, 2014 8:35 PM To: Jeffrey E. Subject: Boat EXPENSES = CHARTER REV &n=sp; NET EXPENSE 2012 $5.6M1L&nbs=; &=bsp; $1.6M1L &n=sp; $4.0MIL &nb=p; this was the year of th= major renovations 2013 $5.0M1L&nbs=; 80=bsp; $1.1M1L &n=sp; $$3.9M1L &n=sp; spending somewhat high in ad=ance of certification 2014 $4.5M1L-est= $2.OMIL =nbsp; $2.5M1L &=bsp; &nbs=; more charters made a big difference +more normal expenses=/o:p> Captain did not respond yet but I believe run rate i= 2015 should be be $2.5-3.0 net operational expense-will let you know if h= says otherwise Eileen Alexander=on Elysium Management<=:p> 445 Park Avenue Suite 1401 New York NY 10022 Phone: -o:p> Email: =/o:p> 1 EFTA_R1_01777280 EFTA02593743