EFTA02718742.pdf

From: Gianni Serazzi Sent: Friday, August 14, 2015 7:26 AM To: jeffrey E. Subject: Re: Can you please call me when you can? Attachments: PNL Generale 2015 - Aggiornato a agosto.xls Sure, here is the bridge 1-Th= excel is the budget as you can see from 18 months ago 2-The data communicated to you yesterday is the actual of 2015 up to =oday 3-The 2014 budget was forecasting 4,590 2mor=ow + 0,353 2day = 4,943M or sales without expenses reinvoicing to create a profit of 878&#=9;865 (all un Euros= 4-The actual for 2015 shows total invoicing with=ut expenses of 3,703M and - 4.4M with expenses reinvoiced. The profit is 438K. I am attaching t=e file that I do every month as usual 5-The underperformance is why l=have to resctructureGiancarlo from leadership role that I will take. I know what to do and the root c=use of it. We lost 2 of our biggest clients as they decided to move produc=ion abroad and internalize modeling. Then Giancarlo fired last year our number one director for personal reas=ns against my advice but promised to still deliver on the budget. Clearly =hese results did not materialize and that's why he agreed to step down=without any fight and to become just an employee.Third the directors did n=t have responsibility to deliver and Giancarlo's mother problems did not allow him to be p=esent in the company more than a couple of days per week this year. 0espit= all of this the company was not delivering the budget but holding on. Sin=e July I have changed 2 directors out of 4 and now need to invest for a st=ong director for the 3rd table (the 4th director is perfect). 6-The growth will require net working capital as we pay models= apartments, tickets immediately (the only agency in the world that pays i=mediately and has no bank debt that I know of) but we receive the cash fro= clients 3-4 months after. Of the 800K needed not one penny will come to m= pockets, it all goes into the companies to boost growth. c/=iv> 7-The companies will also pay consulting fees every year. I will l=ke that someone from your side audits these numbers as well so that you ca= get 20% of these net fees as well. It's very simple and clear to do s=. 8-=he mid-term strategy is to leverage the ital=an operati=ns (that has to become just perfect) and using the brand name that b=ilt 14 years ago and the business procedures that I created get the approp=iate models to have successful operations in Paris, London, NY and Miami. =ashion models (that I wanted to buy with you) did the same launching Next =odels and then selling it to Goldengate Private Equity =or - 105M$. They did it investing 8ME that came almost entirely from their =ree cash flow of the italian operations over - 4 years. =ou might know the story in more detail than myself. If they did it I can f=r sure <=span> Thx <=div> EFTA_R1_02173020 EFTA02718742 <=div> On Fri, Aug 14, 2015 at 5:54 AM, jef=rey E. <[email protected] <mailto:[email protected]» wrote: ??? Forwarded message From: G Sera Da=e: Thu, Feb 27, 2014 at 7:50 AM Subject: Re: Can you please call me whe= you can? To: Jeffrey Epstein <[email protected] <mailto:[email protected]=m» Jeff, here are the numbers of 2morrow and 2day. This is=the cash flow I review monthly and what I use to keep operations under con=rol. Cash flow is much better than accounting for this purpuse as a proper=y run modeling operation does not generate long term payables (we pay the =odels immediately after teh job). I quickly put the lablels in englis= please let me know if anything is not clear. 2day was launched a little o=er 1 year ago and will be cashflow positive in approx 6 months. I then am sending a second file for NologoMGMT (forme= Future). This is separate because there is another GM there (Mauro instea= of Giancarlo). The company was launched only 18 months ago and is cash-fl=w positive as you can see. G On Thu, Feb 27, 2014 at 11:51 AM, Jeffrey Epstein <[email protected] <mailto:[email protected]» wrote: can you send me the numbers=for 2 morrow 2day etc. . On Wed, Feb 26, 2014 at 6:42 PM, G Sera =span dir="ltr"> cm > wrote: When you want. Thank you for your=guidance 2 EFTA_R1_02173021 EFTA02718743  On Wednesday, February 26, 2014, =effrey Epstein <[email protected] <mailto:[email protected]> wrote: Talk this weekend On Wednesday, February 26, 2014, = Se wrote: I agree but they ask me to commit to a 3 year time. I am sure they will put=some good money behind the commitment but that's nt the point. The low risk solution for me is to take position and keep the re=t on the side, but you are very smart and experienced and I value your inp=t. I never like to feel like I have to do anything, even if it's a great o=portunity and a step up. I am built like that. I very =uch appreciate your thoughts. G O= Wednesday, February 26, 2014, Jeffrey Epstein <[email protected]=> wrote: what would you Ike to do. 40=A0 why not take the new position , at least for awhile. „ no downs=de, otherwise present me a biz plan On Wed,=Feb 26, 2014 at 4:18 PM, G Sera <a wrote: Thank you Thank you Gianni The information contained in this c=mmunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein 3 EFTA_R1_02173022 EFTA02718744  Unauthorized use, di=closure or copying of this communication or any part thereof is strict'= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved ***** * ********* *****• **• ** ****** *• * ****** * ***** The information contained in this communication is confi=ential, may be attorney-client privileged, may constitute inside inform=tion, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unau=horized use, disclosure or copying of this communication or any part th=reof is strictly prohibited and may be unlawful. If you have received t=is communication in error, please notify us immediately by return e-mail or=by e-mail to [email protected], and destroy this communicati=n and all copies thereof, including all attachments. copyright -all rights reserved *************** *****•**,***•* ************ * ****** **• ** ***** * The information contained in this c=mmunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 4 EFTA_R1_02173023 EFTA02718745 =C240 please note The information contained in this communication is confidential, m=y 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 =his communication or any part thereof is strictly prohibited and may=be unlawful. If you have received this communication in error, please n=tify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and =estroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 5 EFTA_R1_02173024 EFTA02718746