EFTA01046780.pdf

From: Brad Wechsler To: Jeffrey Epstein <[email protected]>, Joe Avantario Subject: Re: Date: Mon, 08 May 2017 15:27:44 +0000 I. Can we prepare a simple chart for jeffrey which shows revenue, net income and operating cash flow for each of the three entities going back to inception. 2. Taxes losses taken to date (including estimated losses for 2016 to be filed 10/15) will be 8.4 AS; and 6.2 RA. No operating losses taken in phaidon since they are trapped in a UK "C corp", but approx 33mm of capital loss taken with 51% sale. 3. All debt is "current" but on many notes borrower has right to accrue interest which has occurred. (Joe, correct me if I'm wrong.) B Sent from my Verizon Wireless BlackBerry From: "jeffrey E." <[email protected]> Date: Sun, 7 May 2017 12:25:59 -0400 To: Brad Wechsler< Subject: Re: it would also be helpful to see top line revenue, for each, bottom line for each and cash flow, past 4 years. . is the debt current/ ? ?? On Sun, May 7, 2017 at 11:12 AM, Brad Wechsler < > wrote: Jeffrey-joe will refine, but my rough numbers: I. Ph basis 33; AS basis 3.7; RA basis 5.1 or total 41.8. (All end of 2016) 2. Ph "projected" cash needs .9; AS "projected" cash needs 1.3; RA "projected" cash needs 1.1 or a total of 3.3. 3. Debt 25.2 (trusts w/3.2 to bfp) 4. Third party obligations: (a)3mm to Hachette as a return of a distribution advance (phaidon). (b) severance-contractual and otherwise--?? (Needs to be estimated) (c) short-term liabilities net of short term assets (payables minus receivables)--?? (Needs to be estimated) (d) real-estate winddown costs--?? (Shouldn't be significant but certainly some.) (e) legal winddown costs-?? (Shouldn't be significant but certainly some.) (f) other--?? Net, net, we know the big numbers: 42mm basis; 25mm current debt (and preferred) load; 3-4mm company projected fir cash needs; 3mm hachette. All equals 75, not including (b)-(f) above which are real, but shouldn't be large. This is my "rough" but I think a pretty good estimate. Joe and I will refine. B Sent from my Verizon Wireless BlackBerry From: "jeffrey E." <[email protected]> Date: Fri, 5 May 2017 15:56:23 -0400 To: Brad Wechsler >; Joe Avantario< Subject: Re: if i was to close all phaidon artspace, regan and it was a total write off for debt equity, etc what would my total loss be. all letters of credit if any to be paid off, and included. third party loans etc also On Fri, May 5, 2017 at 3:52 PM, Brad Wechsler < wrote: EFTA01046780  Jeffrey, Hopefully, this lays out the general information you need to start your planning. As noted by Joe, we are providing you information at a level that we thought would be most useful. If, as, and when we have to take a deeper dive in the future, obviously, we will. Feel free to call either Joe or myself depending up on the nature of the question. please note The information contained in this communication 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01046781