<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Tuesday, June 21, 2016 6:34 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

Yes agree with you. Unless he goes through a full capital increase lik= The BNS is asking But a killer for all

Ariane de Rothschild

On 21 Jun 2016, at 17:25, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com» wrote:

strategy yes, interpersonal - dont=think so. . cant do a stock deal with them under a=y circumstances for quite a while. the share= trade only approx 3m shares per day. you wo=ld own a full month or more of total trading volume. high volatility so it would take you 60 days or more to get ou=. . trying a secondary with the stock in the toilet after he raised =oney at 20. you would not be first in line.... it also looks =ike they will need a great deal more of capital. we should explore plan b,c,and d

On Tue, Jun 21, 2016 at 10:57 AM,
wrote:

Thank you - very kind. Azzedine has prepared the room and is happy to =lay my mom. But thk you very

much

Ariane de Rothschild

On 21 Jun 2016, at 16:15, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com> > wrote:

you are also welcome to my apt. valdson is the=e it would be private. no one the wiser

<u>On Tue, Jun 21, 2016</u> at 10:10 AM,
<mailto

Both places ice cold B in Paris and a disaster, so much so that i will stay at Azzedine s p=ace tomorrow - tired

of handling him

Had lunch with Tom Kalaris 2 days ago . Super smart man . He asked the=only really interesting question : are you bored in this job ? Loved it&nb=p;

## Ariane de Rothschild

On 21 Jun 2016, at 11:57, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com> > wrote:

cold in paris or geneve?. . hows B .&nbs=; better or worse?

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Sorry . I think i caught the flue . In the near future, downsize and sell on tops( volatility, spreads, et.) Medium term: weak growth prospects- buy disruptive tech, Focus on trends that will reshape the world ( including migration flow= ) Long term : buy land and grow crops and become wise Ariane de Rothschild

On 20 Jun 2016, at 12:00, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmai=.com» wrote:

the silcon valley boys will be here today =, to discuss how to make money in the future. any ideas=that you would like to bounce off them?

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## Ariane de Rothschild (cont.)

please note

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<mailto:jeevacation@gmail.com>, and

destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please note

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## Ariane de Rothschild (cont.)

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