EFTA01784193.pdf

From: Joe Avantario Sent: Wednesday, July 13, 2016 10:47 PM To: Jeffrey E. Cc: Brad Wechsler Subject: RE: Cash flow This is the intended repayment of a bridge loan that was taken for non-art uses. OK Thanks From: Jeffrey E. [mailto:jeevacation@gmailcomi Sent: Wednesday, July 13, 2016 6:44 PM To: Joe Avantario Subject: Re: Cash flow why is there a 20 million with parenthesis in sources and art loan? there should never be parenthesis . ever . there are sources there are uses. there is also beginning cash and beginning debt. final cash and final cash. you should assume the plane value at 12. so an 80 percent loan would be 9.6. , . assume the boat to be 12 net. . and miami at 14. net. On Wed, Jul 13, 2016 at 6:34 PM, Joe Avantario < 1. 1. > wrote: • We update our cash flow on a weekly basis on Thursdays. • In preparing a draft of that with the major changes, besides the things I mentioned to you previously, we are moving the $40MM in art sales to the end of the year based on our discussion with Leon. • This move together with some new art purchases and other unknowns (i.e. the exact pay down amount for the plane loan) is creating a deficit for us. • We intend to deal with those issues by increasing the art loan. * We have conceptually discussed these items with Leon and will be addressing the proposed increase amount with him shortly. EFTA_R1_00105327 EFTA01784193  Joseph Avantario Elysium Management, LLC 445 Park Avenue Suite 1401, New York, NY 10022 Tel. 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] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_00105328 EFTA01784194