From: David Stern <fht).-"ancy—r ^^-Q To: "jeffrey E." <[email protected]> Subject: Re: FF Opportunity Date: Thu, 20 Apr 2017 13:12:21 +0000 On my way back from Beijing Will call you tomorrow On 20 Apr 2017, at 21:05, jeffrey E. [email protected]> wrote: big deal. lots of time needed. masa at softbank, a maybe. . not sure why you shoudl do it have not seen your bene ? troubled On Thu, Apr 20, 2017 at 8:20 AM, David Stem <a. L.. . . R> wrote: What do you think? > On 18 Apr 2017, at 03:48, Stefan Krause gilefettreeseffitre.eetn> wrote: > Jeffrey, > thank you for taking my call. I do need your help. > Faraday Future (FF) is a great story in itself, regretfully surrounded by a lot of noise around Jia Yueting (YT) and his other enterprises (LeEco, LeMall, LeSports, to name a few). These businesses are not working, so he run out of cash. FF is starving. > FF build a great electric, connected and autonomous car. Beats Tesla. Prototype is out and works. Spend to date: 700 Million USD. Founded 2014. > Use of funds is to finalize testing and engineering, produce and sell. That is 1.1 billion USD. Start of Production SOP is 09/2018. > FF has a graded and serviced piece of land in North las Vegas to build a plant. Will use franchised dealer in the US to sell car. > FF has a sister company in China Le See for which vehicle engineering is done here in California. Sister companies are linked by a VIE structure. > Sister company (LeSee) funding is supported by YT money, large Chinese Government funding for factory and product development and Chinese Bank loans. Completely separate. > FF is trying to raise 1,0 billion USD Series A. Valuation estimate pre money is 3,0 to 3,5 billion USD now. All based on paper plan promises and Tesla comparisons. I think its highly achievable, but open for debate. > Shareholding of Cayman Holding FF company today: YT 85%, Employees 15%. A 700 Million Chinese- raised USD convertible is out that will convert in Decemb