EFTA02457032.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, July 13, 2016 11:07 PM To: Joe Avantario Subject: Re: Cash flow la house did it close , mort=age? On=Wed, Jul 13, 2016 at 6:57 PM, Joe Avantario /a» wrote: Art loan =AO $695mm<=u> Boat loan =AO $15.9mm<=p> Plane loan =AO $18.9mm From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Wednesday, July 13, 2016 6:50 PM To: Joe Avantario <mailto Subject: Re: Cash flow > > total debt.? you mention boat as a positive =AO over debt . what is boat debt today. plane debt today.. =AO did the house in la , get a mortgage!? On Wed, Jul 13, 2016 at 6:46 PM, Joe Avantario «= href="mailto target="_blank" wrote: This is the intended repayment of a b=idge loan that was taken for non-art uses. OK Thanks From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Wednesday, July 13, 2016 6:44 PM EFTA_R1_01560581 EFTA02457032 To: Joe Avantario <mailto Subject: Re: Cash flow > > why is there a 20 million with parenthesis =AO in sources and art loan? there should never be =arenthesis . ever . there are sources there =re uses. there is also beginning cash and beginning debt. final cash and final cash. you =hould assume the plane value at 12. so an 80 percent loa= would be 9.6. , . assume the boat to be 12=C2 net. . and miami at 14. net. On Wed, Jul 13, 2016 at 6:34 PM, Joe Avantario «= href="mailto: target="_blank" wrote: • We update our cash flow on a weekly basis on Thursdays. <1=> • In preparing a draft of that with the major changes, besides the thi=gs I mentioned to you previously, we are moving the $40MM in art sales to =he 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. <=u> ` We have conceptually discussed these items with Leon and will be add=essing the proposed increase amount with him shortly. Josep= Avantario Elysium Management, LLC 445 Park Avenue Suite 1401, New York, NY 10022 Tel. <tel:a> =Cell <mailto: please no=e <tel: 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 2 EFTA_R1_01560582 EFTA02457033 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 <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please no=e 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 <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved =AO please note 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, disclos=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 3 EFTA_R1_01560583 EFTA02457034