<table><tr><th>From:</th><th>Erika Kellerhals</th></tr><tr><td>Sent:</td><td>Saturday, December 2, 2017 9:42 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

He's screwed - they had to subordin=te all other bond holders.

Erik= A. Kellerhals

Member

Kellerhals Ferguson Kroblin PLLC&=bsp;

Office:
Cell:=

On Dec 2, 2017, at 4:=7 PM, jeffrey E. cieevacation@g=ail.com <mailto:jeevacation@gmail.com» wrote:

i see your point .. good work

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On Sat, Dec 2, 2017 at 3:30 PM, Erika Kellerha=s Huge benefit for edc also expands available indu=tries to include tech, insurance among other things.

Erika A. Kellerhals
Member =/div>
Kellerhals Ferguson Kroblin RIX

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On Dec 2, 2017, at 3:18 PM, jeffrey E. cieevacation@gmail.com<k» wrote:

That's a benefit for edc only or am I missing something&n=sp;

## <=>r> (cont.)

<mailto:

wrote:

I disagree. The change in sourcing rules for the U=VI is huge.

Erika A. Kellerhals
Member
Kellerha=s Ferguson Kroblin PLLC

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On Dec 2, 2017, at 3:10 PM, jeffrey E. <jeevacation@gmail.c=m <mailto:jeevacation@gmail.com> > wrote:

this tax b=ll will devastate revenue for the VI . rum tax down= credits up , rates down. wow. &nb=p; the specail opportunity zone interesting but wow please note

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