To: Eileen Alexanderson
From: jeffrey E.
Sent Sun 8/3/2014 5:07:45 PM
Subject Re: Cash sources and uses and bridge loan
no letter attached, where is the bridge loan document offered to all and signed off on?
On Sun, Aug 3, 2014 at 8:48 AM, Eileen Alexanderson wrote:
These two attachment give add! color. They took addl money down after the 7/25 balance
sheet.
What a lesson in the 'way things work' with VC guys like this and how the rest of the investors
get screwed!
Begin forwarded message:
• From: Catherine Levene
Date: August 2, 2014 at 7:03:18
To: John Eileen Alexanderson
Subject: Cash sources and uses and bridge loan
Hi John and Eileen -
Per your request, attached is a sources/uses of cash document as well as a spreadsheet of
how we have been managing cash weekly, as well as a schedule of the bridge
loan. Our need has been to have enough cash into the company to run the
business until August 15th and reduce our AP and Commissions owed down to
$500k max at the time of the transaction. We are hoping not to have to take in
any more cash in the bridge and are pretty much on target to make it there when
we close mid month (or ideally before.)
Let me know if you have any questions.
I think the final things I owe you right now are:
I) Balance Sheet
2) Final ML account statements (all other bank statements have been uploaded)
3) Mackenzie Tuitc Offer letter
4) Cap Table in $S
5) 2013 Tax filing
Anything else?
EFTA_R1_00351990
EFTA01913763
Best
Catherine
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EFTA01913764