From: David Stern <fht).-"ancy—r ^^-Q
To: "jeffrey E." <jeevacation@grnail.com>
Subject: Re: FF Opportunity
Date: Thu, 20 Apr 2017 13:12:21 +0000
On my way back from Beijing
Will call you tomorrow
On 20 Apr 2017, at 21:05, jeffrey E. lea@gmail.com> wrote:
big deal. lots of time needed. masa at softbank, a maybe. . not sure why you shoudl do it have not seen
your bene ? troubled
On Thu, Apr 20, 2017 at 8:20 AM, David Stem <a. L. . . . R> wrote:
What do you think?
> On 18 Apr 2017, at 03:48, Stefan Krause gilefettreeseffitre.eetn> wrote:
> Jeffrey,
> thank you for taking my call. I do need your help.
> Faraday Future (FF) is a great story in itself, regretfully surrounded by a lot of noise around Jia Yueting
(YT) and his other enterprises (LeEco, LeMall, LeSports, to name a few). These businesses are not working,
so he run out of cash. FF is starving.
> FF build a great electric, connected and autonomous car. Beats Tesla. Prototype is out and works. Spend to
date: 700 Million USD. Founded 2014.
> Use of funds is to finalize testing and engineering, produce and sell. That is 1.1 billion USD. Start of
Production SOP is 09/2018.
> FF has a graded and serviced piece of land in North las Vegas to build a plant. Will use franchised dealer in
the US to sell car.
> FF has a sister company in China Le See for which vehicle engineering is done here in California. Sister
companies are linked by a VIE structure.
> Sister company (LeSee) funding is supported by YT money, large Chinese Government funding for factory
and product development and Chinese Bank loans. Completely separate.
> FF is trying to raise 1,0 billion USD Series A. Valuation estimate pre money is 3,0 to 3,5 billion USD now.
All based on paper plan promises and Tesla comparisons. I think its highly achievable, but open for debate.
> Shareholding of Cayman Holding FF company today: YT 85%, Employees 15%. A 700 Million Chinese-
raised USD convertible is out that will convert in December.
> Great chance to build a better Tesla. Top engineers, top manufacturing people from Tesla, BMW,
Mercedes, Porsche and Ford. 1.200 Patents witch about 60 of good value belong to FF.
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> Further questions, let me know. Appreciate very much your support. It is a great opportunity.
> Best
> Stefan
> <04.2017 FF Teaser_v22.pdf>
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