From: Faith Kates
To: "jeevacation®gmail.com" <jeevacation®gmail.com>
Subject: Fwd: Re:
Date: Mon, 07 Aug 2017 23:57:34 +0000
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Begin forwarded message:
From: Neale Attenborough
Date: August 7, 2017 at 7:43:06 PM EDT
To: Faith Kates
Cc: Joel Wilkenfeld
Subject: Re:
Faith when I last spoke with your advisor I asked him to send me his contact information so we could
collectively get on the phone with Chris and work through some of this analysis.
I have not received his contact information. We are aligned in finding a solution but I think it will take a bit
more "meeting if the minds" on value.
Please have him (I think he said his name was Jeffrey) send me his contact information and we can move this
process along.
All the best,
Neale
Neale, our advisor at your request spoke to Chris Lawler, Chris requested questions in writing as he said he
was not very familiar with the detailed numbers. We have reviewed limited number of the past k-lis,and
financial statements.
Taking into account that there are still
Some liabilities outstanding ie:Paris lawsuit, possible class action certification etc. and to short circuit a long
number crunching and possibly futile exercise Joel and I suggest the following:
We will buy you out at a total price of 6 million dollars paid over three years, or in the alternative we can pay
5 million cash at closing. We are told that if phantom income was booked by the fund you would recover the
benefit of the higher basis(ie:larger capital loss) upon sale. We will part as friends and release you from all
future claims. We thank you for the acknowledgement that you have not had the time to be constructive
partners, and hope that our offer meets your needs.
EFTA01038593
Sincerely,
Faith & Joel
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