EFTA02456616

From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, July 13, 2016 10:44 PM To: Joe Avantario Subject: Re: Cash flow why is there a 20 million with parenthesis in =ources and art loan? there should never be parenth=sis . ever . there are sources there are use=. there is also beginning cash and beginning debt. final=cash and final cash. you should assume the plane value a= 12. so an 80 percent loan would be 9.6. , . =C2 assume the boat to be 12 net. . and mi=mi at 14. net. On Wed, Jul 13, 2016 at 6:34 PM, Joe Avantario <mailto > wrote: =C2* We update our cash flow on a weekly basis on Th=rsdays. * =C2* In preparing a draft of that with the major cha=ges, besides the things I mentioned to you previously, we are moving the 5=OMM in art sales to the end of the year based on our discussion with Leon. * =C2* This move together with some new art purchases =nd other unknowns (i.e. the exact pay down amount for the plane loan) is c=eating a deficit for us. =C2' We intend to deal with those issues by increasi=g the art loan. * =C2* We have conceptually discussed these items with=Leon and will be addressing the proposed increase amount with him shortly.=u> Joseph Avantario Elysium Management, LLC 445 Park Avenue Suite 1401, New York, NY 10022 - < -1'O28646%29589-0316> I Cell atel:%28914%29450-8806> <mailto =AO please note EFTA_R1_01559968 EFTA02456616 The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disdos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:jeevacation@gmail.com" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 2 EFTA_R1_0 1559969 EFTA02456617