Text extracted via OCR from the original document. May contain errors from the scanning process.
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
Begin forwarded message:
Cc: "Randolph. / David Life Layvver 17 /Amengual"
MUCHNICK
Let's you and I meet in the morning how is 7.30 am
Where is good for you?
Not sure what the issue is , but happy to talk it out
I think you misunderstood the email in a big way
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
On Nov 5, 2017, at 1:17 PM, Stephen Hanson <
> wrote:
>, HOWIE / SUE
Oct 2. Seems like you and ALAN had a few conversations- seems like there is a ton of detail here
Sent from my iPad
Begin forwarded message:
EFTA00963290
Regarding the $175K NOL October / November (really intended to be November through year end). The
basis for losses at that level were estimates driven off my most recent full blown pro forma that anticipated a
mid-July opening (attached) with NOL of $275K. Assumption was that summer opening would be much
softer than these revised projections based on mid-October open where the restaurant should have been able
to ramp up much quicker if we had opened at the start of Q4.
Also attached is the full blown pit-opening tracking / projection that contains all the details behind what
was sent to David October 2
On Nov 5, 2017, at 8:25 AM, Stephen Hanson <
wrote:
Can I get back up to this
Sent from my iPad
On Nov 5, 2017, at 8:00 AM, Alan Hochhauser <
This is what was sent to David for the last update he requested
Begin forwarded message:
>
See attached
wrote:
Reconciled through September, still waiting on a few invoices, but wont move much. Let me know if you have
any questions
Alan Hochhauser
Chief Financial Officer
LIFE RESTAURANT
At Life Hotel
19 West 31st St
EFTA00963291
NY NY 10001
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Ok thank you,
DAVID MITCHELL
Mitchell Holdings LLC
745 Fifth Avenue, 5th Floor
New York NY 10151
USA
Will try to get it done by then.
September wont be fully reconciled (will be close) and the October number wont make sense since well
be incurring a full month4iks worth of expense and saying Mid-October start
Alan Hochhauser
EFTA00963292
Chief Financial Officer
LIFE RESTAURANT
At Life Hotel
19 West 31st St
NY NY 10001
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Thank you,
Just push everything out with actual August and September and full blown start mid October
If I can get this morning it would be very very helpful
Thank you,
David
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
On Oct 2, 2017, at 8:25 AM, Alan Hochhauser
wrote:
EFTA00963293
Got your voicemail and your mailbox is full
This was based on the end of September open. I can easily just tack on 2 weeks payroll to extend until Mid-
October and updated funding to date.
August actual was much lower than this projection because of the delays, everything shifts, but no sure it.s
worth changing that month if it.s going to confuse the bank & bring up questions.
Let me know how you want to proceed • l•m heading to hotel soon to work on Micros install, will take care
of this later after we speak.
Alan Hochhauser
Chief Financial Officer
LIFE RESTAURANT
At Life Hotel
19 West 31st St
NY NY 10001
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I'll pull the email I sent Doug in the AM, pretty sure that number was already based on mid October
opening. The last column was September until open, not "September open"
On Oct 1, 2017, at 7:22 PM, David Mitchell
wrote:
Assume that restaurant instead of opening in September that this assumes opens mid oct
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
On Oct 1, 2017, at 5:51 PM, Alan Hochhauser
l> wrote:
Let's talk in AM. What exactly are you looking to show them, it's pretty much plug at this point.
Have they been give this version and do you know what opening date this represents?
On Oct 1, 2017, at 4:15 PM, David Mitchell la
wrote:
EFTA00963294
Hope all is good ,
Can you move this to opening October 10
need for bank
<Life Hotel - Restaurant Funding Needs.pdf>
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
<Book2.xlsx>
<Preopening Budget and Tracking_V28.xlsx>
<Life Pro Forma_081817_Life Only.xls>
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