<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Wednesday, May 2, 2018 7:49 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Next - Other notes</td></tr></table>

1) =illie is in over her head and a terrible leader whose books are a =ess..

2) Outstanding =hecks totaling 904,024 that may have to be reissued (137,557 of this total is from a bank account =hat is closed)

3) Accounts payable has many debit balances which are really =ccounts receivable from models that will never be collected

4) Accounts receivable overstated by =50,000 (a lot larger than 250,000 allowance on books) =/span>

5) Books have a federal tax payable number of =,721,662 which will not be paid..and poses other issues..

6) Sage software used by =ookers does not talk to accounting department

7) Accounting department has employees =hat have worked 25.30 years that earn between 44,000 - 55,000 =/span>-> employees are hired from craigs list and agencies in =hinatown

-> average employee salary is =0,000 and millie makes 10-15x that

-> amount...

8) London bills paid =rom NYC

9) Next sends 75-100 wires per week - extremely =nefficient

10) Money in foreign entities has not been taxes in US and =ill be taxed when distributed making UK & Italy (8.6mm) cash =seless..

Richard Kahn
HBRK Associates Inc.
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