<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Monday, October 26, 2015 6:12 PM</td></tr><tr><td>To:</td><td>Richard Joslin</td></tr><tr><td>Subject:</td><td>Fwd: draft</td></tr></table>

Forwarded message
From: jeffrey E. <jeevacation@gmail.co= <mailto:jeevacation@gmail.com> >
Date: Mon, Oct 26, 2015 at 2:08 PM
Subject: draft

>>, Brad Wechsler

phaidon and art =pace. combined basis 96 million , ( reviewed with brad a=d joe.) . add ten for restructuring . basis 106. mi. =A0 subtract total sale price. for both, lets say=C2 approx $8 - 15m . leaving loss =f between 90 and 98 million long term loss. . =AO AMT rate 28 % obama . tax 3.8%. city and state 12% =C2 total aprox 43 %. tax rate. =AO savings 38.7 - 44 m

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