From: "Jeffrey E." <jeevacation®gmail.com>
To: Melanie Spinella
Subject: Fwd: Fire Drill
Date: Fri, 18 Mar 2016 12:07:17 +0000
Attachments: Estate_Overview_&_Executive_Summary_12.31.15_®$15.215.pdf
if you print it for him ask him if he make heads or tails
Forwarded message
From: Ada Clapp <1
Date: Wed, Mar 9, 2016 at 2:02 PM
Subject: Fire Drill
To: "jeffrey E." <jeevacation@gmail.com>
Cc: "Halperin, Alan S" >, Brad Wechsler -
Jeffrey,
Attached is the updated Estate Overview for Leon and Debra, together with a separate 3 page Executive
Summary. Please note the following:
I. Both presentations were prepared by Paul Weiss's fiduciary accountant under my direction and Alan's
overall supervision.
2. The attached are based on a 12/31/15 balance sheet and AGM stock at $15.21/share. We are in the process
of preparing an alternative Overview showing the AGM stock at $30/share.
3. The Detailed Presentation is based on the old US Trust format (somewhat reorganized) for
familiarity/continuity with the last Overview.
4. We learned yesterday from Brad that he believes the real estate numbers are understated by approximately
$40-50 million. This information is not incorporated into the Overview.
Once you have had a chance to review the attached, I suggest that you, Alan and I get on the phone together to
discuss any questions you might have and so that we can point out various aspects of the presentation.
Thank you.
Ada Clapp
Chief Legal Officer
Elysium Management LLC
445 Park Avenue
Suite 1401
EFTA00831369
New York, New York 10022
Direct Dial: 646-589-0303
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