To: Joe Avantari

To: Joe Avantari Subject: Re: Cash flow Date: Wed, 13 Jul 2016 23:13:48 +0000 From: "Jeffrey E." <4 eevacation@gmail.com> ? this means he has cash? On Wed, Jul 13, 2016 at 7:11 PM, Joe Avantario Leon personal On Jul 13, 2016, at 7:09 PM, jeffrey E. <jeevacation@gmail.com> wrote: also what is cash reserve with paranthesis mean? On Wed, Jul 13, 2016 at 6:59 PM, Joe Avantario' wrote: wrote: The 15.649 is the use to repay outstanding debt. The source is on the top at second to last source line From: jeffrey E. [mailto:jeevacation@gmail.com Sent: Wednesday, To: Joe Avantario Subject: Re: Cash ow if the yacht sale is 15 .175 why is the source 15, 649? On Wed, Jul 13, 2016 at 6:49 PM, Joe Avantari Conserving lines as we can't print this on one document if we add more lines From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Wednesday, July 13, 2016 6:49 PM To: Joe Avantario Subject: Re: Cash flow so why isnt it in uses? wrote: On Wed, Jul 13, 2016 at 6:46 PM, Joe Avantario wrote: This is the intended repayment of a bridge loan that was taken for non-art uses. EFTA00823900 OK Thanks From: jeffrey E. [mailto:jeevacation@gmail.com 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 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. Joseph Avantario Elysium Management, LLC 44 ite 1401 New York NY 10022 Tel Cell please note EFTA00823901 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 jeevacation@gmail.com, 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 jeevacation@gmail.com, 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00823902 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 jea@gmail.com, 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00823903