EFTA00892436.pdf

From: To: Jeffrey Epstein <jeevacation@gmail.com> Cc: Subject: Re: Date: Fri, 09 Feb 2018 14:03:50 +0000 Jeffrey, I would like a little time to organize everything for a better discussion on the whole financial picture. In the mean time I'm curious your advice on where you would go for accounting classes. Someone recommended http://trainingthestreet.com last year or would you recommend taking a class at a physical or online university. Ideally with work it needs to be something I can do online while traveling or at least partially. A tutor could also work but would need to find a good one. Any ideas or suggestions? Thanks! This message is directed to and is for the use or he above-noted addressee only, and its contents may be legally privileged or confidential. lithe reader of this message is not the intended recipient, you are hereby notified that any dutribution. dissemination. or copy of this message is strictly prohibited. I(you have received this message in error. please delete it inunediately and notify the sender. This message is not intended to be an electronic signature nor to constitute an agreement of any kind under applicable law unless otherwise expressly indicated hereon. On Feb 7, 2018, at 9:03 AM, wrote: Jeffrey, Thank you! I wasn't ignoring your last request. I was pulling what info I could together. Will report back. It's become complicated. Easier conversation. But to summarize a few of your questions below. I. Agreed. The comps in our building are $3500/sq ft. For 2 and 5 floor apt with no outdoor space. If you take ours 2400 inside 1800 outside and use 50% for outdoor it's roughly valued at 11.550m with 6m of debt. Being a unique space done so well I think you could get more. Spoke to a few brokers that agree but at the end of the day the market speaks. If EL IPO / CPH income isn't what I expect this year I would either sell or rent it. I love the place but not going to put us in a bad place again over this apartment. 2. There are other significant assets. This is what I was referring to as us sitting down to look at the whole picture. 1.2cash, 1.6M in equities, 2.7m in hedge funds, 1m in Covis ,lm in commerical rent generating real estate in NC, I.7m in multifamily that pays quarterly dividends, a basket of other assets and investments. These are rough numbers off top of my head during break in meetings. I can get more detailed when not on my phone. Been in meetings all morning in FLL since 745. Establishment Labs is probably the biggest single investment and doing the best. The "they" is better in conversation. Not simple answer. I'll get you the details you asked when I get back. Think of it roughly like this. I paid 3.75/share. The current round is closing at 16/share and IPO roughly 18.50. Can sell if we want 6month later. I haven't tried to sell my shares but if I wanted to I could have sold to Perceptive Advisors at that price in last round. 3. Yes it will to finish. I have this modeled out and can get you exact numbers when back to office. It will take about 75% of the remaining cash from refinancing. 4. Completely agree. This is my biggest weakness in business and it's the most important. I will get on this ASAP. EFTA00892436 5. I have spent a lot of time in factory and with management team and employees. It's a good management team. Prior to investment and after. Also at trade shows with doctors and KOL's. The top KOL's has left Allergen and Mentor to EL. Also visited London Hospital Group that has most experience with EL. I have spent time with Jeffries team as well many times. Michael Robinson Managing Director of Healthcare Investment Banking and Benjamin Lorello Global Head of Investmwnt Banking are running point on IPO. They were the ones that set the expected valuation and time table. Shooting for June right now. All the best, CPH This message is directed to and is for the use of the above-noted addressee only, and its contents may be legally privileged or confidential. If the reader of this message is not the intended recipient, you are hereby notified that any distribution, dissemination, or copy of this message is strictly prohibited. If you have received this message in error, please delete it immediately and notify the sender. This message is not intended to be an electronic signature nor to constitute an agreement of any kind under applicable law unless otherwise expressly indicated hereon. On Feb 7, 2018, at 6:06 AM, jeffrey E. <jeevacation®gmail.corn> wrote: only as a result of you asking for my advice. I suggest the following. 1 real numbers are needed. real market numbers. ie put the apt on the markeet to see what bids you get. ? ex ask for 10m . see what happens. 2. re the only other main asset. establishment lab. - the " they" that you refenced that prefer you not share numbers are not your advisors. . my understanding is that you have an overide on the 1 st investment of 10 percent. and an investment of lm. there have been multiple financings in between and more to come. so . establish how many shares you actually own now. how many total shares there are on a diluted basis... valutation models mean little .. then have someone do a comp on silmilar cos based in costra rica. . to detiremine possible future value. but frankly hihgly unlikely in the next 18 months. , in the alternative m, ask to see how much one of the others w0ould pay for your current positoin. . lm 5m? . then subrtract taxes on gain. 3. the new york apt. will also require more capital . as it always does.. 4. take some accounting courses and financila reporting classes.. 5 its all about numbers. i see establishments PR is geared towards hype and not substance.. its financing of 55m was reported, but said partial debt. if someone told you that jeffries is thining about taking it public CHECK for yourself. call the person at jeffries. the key -accurate numbers and NO SECOND hand info.. hard to believe that the team doesnt have better photos to put on their web and reports. very odd 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 return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00892437