EFTA01790020.pdf

From: Richard Kahn Sent: Wednesday, December 9, 2015 5:22 PM To: Jeffrey E. Subject: DB FCX was recommended by DB at 19.51 and stock at 7.15 today at =2:10pm I spoke with =aul and expressed our displeasure with Dispersion Trade (another Daniel =ecommendation) along with poor coverage by Daniel Paul said that you and =im spoke a few weeks ago and he was still working on a replacement but =s not there yet.. He asked that we speak in a few =eeks and hopefully he has solution by then I asked if replacement will be a new =ire or someone on their existing desk and Paul said if will be someone =n their existing desk Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 te fa ce= Begin forwarded message: From: =/b>"jeffrey E." <[email protected]> Subject: =/b>Fwd: Follow-up =tock screen for Twitter-style trade ICJ Date: =/b>February 12, 2015 at 6:30:04 PM =ST To: =/b>Richard Kahn Forwarded message From: Daniel Sabb Date: Wed, =eb 11.P. at : I r a Subject: RE: Follow-up stock =creen for Twitter-style trade [Cl To: "jeffrey E." <[email protected]> EFTA_R1_00117331 EFTA01790020  Classification: Confidential You are right. DB's research =nalyst has had the wrong call so far. But we didn't propose the =creen below based on buy ratings, but on whether the name was covered =y DB's research analysts... In fact some names have Hold =atings. From: Jeffrey E. [mailto:[email protected]] Sent: Wednesday, February 11, 2015 10:49 PM To: Daniel Sabba Subject: Re: Follow-up stock screen for Twitter-style =rade [C) am i missing someting or has DB =ecommended fcx all the way down to 50 percent of its value. ??? On Wed, Feb 11, 2015 at 6:43 PM, =aniel Sabb > wrote: Classification: Confidential Jeffrey — is this what you are =ooking for? Let us know if you would like the past research reports. Daniel From: Jeffrey E. [mailto:[email protected] <mailto:[email protected]> ] Sent: Wednesday, February 11, 2015 10:13 PM To: Daniel Sabba Subject: Re: Follow-up stock screen for Twitter-style =rade [C) can you tell me what the =ecoomendation on fcx was in oct nov dec. On Tue, Feb 10, 2015 at 8:32 PM, =aniel Sabba wrote: 2 EFTA_R1_00117332 EFTA01790021  Classification: Confidential Jeffrey, Jay and =ahe from my team put this together to follow-up on lower priced =quities for which we can implement the TWTR equity structure in either a listed or OTC structure. To start, we screened the S&P =00 with the following =riteria: Share =rice (S10-$20 =ange) Market =ap =>$10bn) Covered =y DB Research The =ollowing 5 names fit the criteria: (Note: Pricing as of close =2/09/2015) As =emonstrated below, all S names remained in a narrow band for the =arlier part of 2014. In the =atter months of the year, FCX, BAC and FITB saw a significant increase =n implied volatility, most notably Freeport-McMoRan (FCX). As a result of these fluctuations, listed premiums are now =s follows: (Note: Pricing as of close =2/09/2015) 3 EFTA_R1_00117333 EFTA01790022  ('Premium =%) = Bid/Price (Sh.)) Regards, Daniel This communication may contain confidential and/or privileged =nformation. If you are not the intended recipient (or have received =his communication in error) please notify the sender immediately and =estroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly =orbidden. Deutsche Bank does not render legal or tax advice, and the information =ontained in this communication should not be regarded as such. please =ote The information contained in this =ommunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged =nformation. If you are not the intended recipient (or have received =his communication in error) please notify the sender immediately and =estroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly =orbidden. Deutsche Bank does not render legal or tax advice, and the information =ontained in this communication should not be regarded as such. 4 EFTA_R1_00117334 EFTA01790023  please =ote The information contained in this =ommunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged =nformation. If you are not the intended recipient (or have received =his communication in error) please notify the sender immediately and =estroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly =orbidden. Deutsche Bank does not render legal or tax advice, and the information =ontained in this communication should not be regarded as such. please note The information contained in this =ommunication is confidential, may be attorney-client =rivileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the =roperty of JEE Unauthorized use, disclosure =r copying of this communication or any part thereof is =trictly prohibited and may be unlawful. If you have =eceived this communication in error, please notify us =mmediately by return e-mail or by e-mail to [email protected], and destroy this =ommunication and all copies thereof, including all =ttachments. copyright -all rights reserved 5 EFTA_R1_00117335 EFTA01790024 6 EFTA_R1_00117336 EFTA01790025