From: Joe Avantario
Sent: Wednesday, July 13, 2016 11:17 PM
To: Jeffrey E.
Cc: Brad Wechsler
Subject: Re: Cash flow
No all cash is in cash balances
This means we don't break out details of spending for those amounts
On Jul 13, 2016, at 7:13 PM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@g=ail.com» wrote:
? this means he has cash?
On Wed, Jul 13, 2016 at 7:11 PM, Joe Avantario apan dir="ltr">
crnailtc > wrote:
Leon personal
On Jul 13, 2016, at 7:09 PM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@g=ail.com»
wrote:
also what is cash reserve with paranthesis mean?
On Wed, Jul 13, 2016 at 6:59 PM, Joe Avantario <=pan dir="ltr">
<mailto > wrote:
The 15.649 is the use to repay outstanding debt. The source is on the top at sec=nd to
last source line
From: jeffrey E. [mailto:jeevacation@gmail.comj
Sent: Wednesday, July 13, 2016 6:57 PM
To: Joe Avantario < <mailto >
Subject: Re: Cash flow
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if the yacht sale is 15.175 why is the source 15, 6=9?
On Wed, Jul 13, 2016 at 6:49 PM, Joe Avantario «=
href="mailto target="_blank wrote:
Conserving lines as we can't print =his on one document if we add more lines
From: jeffrey E. [mailto:jeevacation@gmail.comj
Sent: Wednesday, July 13, 2016 6:49 PM
To: Joe Avantario <mailto >
Subject: Re: Cash flow
so why isnt it in uses?
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. [mailtoleevacation@gmail.com1
Sent: Wednesday, July 13, 2016 6:44 PM
To: Joe Avantario
Subject: Re: Cash flow
why is there a 20 million with parenthesis&nbs=; in sources and art loan?
there should never be p=renthesis . ever . there are sources there a=e uses. there is also beginning cash and
beginning debt. =final cash and final cash. you should assume the plane value at 12. so an 80 percen= loan would be
9.6. , . assume the boat to b= 12 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. </=>
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' 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 =Cell
<tel: >
<mailto:
please no=e
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please no=e
The information contained in this communication is confidential, may be
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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
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<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
please note
The information contained in this communication is
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the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
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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
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
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destroy this communication and all copies thereof,
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