EFTA00643200.pdf

From: Richard Kahn To: "Jeffrey E." <jeevacation@gmail.com> Subject: Joslin Date: Fri, 30 Oct 2015 17:03:02 +0000 just spoke with Joslin and Joe and the wait for the cash flow was pointless as they refused to send i was then told that data was raw and that Brad had not yet reviewed highlights of global conversation: I) cash flow will be flat to down lmm over the next 2 months 2) APO payment of 0.35 (32,000,000) is due in November (note this amount is incorporated in flat statement in I) above -> Leon will personally receive 80% of this amount (after it flows from BFP to 7 Grats then Leon within days of distribution) -> Trusts will receive 20% of distribution 3) January 15th estimated payment appears to be very small or possibly $0 if capital loss from Phaidon is taken -> Rich J mentioned they overfunded extension payment by $4m and 2014 Form 1040 had larger refund than expected -> Rich J also mentioned QI-Q3 payments were made with higher projected income from APO which has now been revised down 4) Rich J believes that cash flow will decrease even further in 2016 due to smaller APO distributions 5) In searching for possible capital gains we found a) Pending art sale set up to be in 1031 however Joe believes replacement was not properly identified -> 6,000,000 sales proceeds with 2.5mm cap gain -> 2,000,000 unrealized gain in Lone Cascade hedge fund however i am unaware of funds liquidation procedures 6) Rich J says remaining charity pledges for 2015 are 15-17mm which includes the 3mm he owes your 3 charities (originally due 9-30-2015) 7) Open charity issue that would affect cash flow in 1) is Momo -> Leon gave a soft commitment of 25mm over 5 years in 2014 -> 2014 was never funded and they are unsure what Leon will do in 2015 i then asked how each individual account would be affected on 10-28-2015 cash balances and they said they would need more time to know those precise details please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 EFTA00643200 On Oct 29, 2015, at 1:41 PM, jeffrey E. <jeevacation®gmail.com> wrote: priority is finding the 20m with joslin . first step to torture 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 EFTA00643201