From: "Jeffrey E." <[email protected]> To: Brad Wechsler Subject: Re: Fwd: Date: Sun, 22 Feb 2015 21:51:15 +0000 ill do my best to be gentle. however, this is embematic, I truly have no idea what she is talking about re phaidon. mfarlands accounts. papered. ?loans. debt. lots of words no meaning On Sun, Feb 22, 2015 at 5:27 PM, Brad Wechsler < > wrote: Yeah...longform gobbly goop. Let me call u tomorrow am w/ eileen and rich on ben notes and phaidon. After we understand the facts, we shld discuss how to proceed. Leon's "instinct"--as an interim step--is for you and i to speak to pwc and mcfarlands to better understand the "ignore" vs "liquidate" decision with a bias towards liquidating IF we're comfortable there are minimal issues. (You may have more current info than me.) Also, different subject, he wants to know if $$ go into Phaidon Global as equity can we get them out in a tax efficient manner (ie, some sort of return of capital vs dividend); we shld look into. At the moment I share your view that simplicity on inter family items very impt.... I'll try to reach u tomorrow am. Also, to state the obvious, next few days we shld be "gentle" with eileen.... From: Jeffrey E. [rnallto:jeevacSgmail.corn] Sent: Sunday, February 22, 2015 02:15 PM To: Melanie Spinella < >; Brad Wechsler Subject: Fwd: Gobbly gook. I have no idea what this means Forwarded message From: Eileen Alexanderson Date: Sunday, February 22, 2015 Subject: To: "jeffrey E." [email protected]> Cc: Ada Clapp -4 Sorry don't have access from here to check exact amount of note at time of distribution in 2010 but, from memory, it was approx $7.8 mil. interest was accrued but not paid to Ben. It was decided taxes needed to be paid in this imputed accrued income-can check tomorrow on who ruled on that subject. In December 2012 the note, with interest, had a value if $8.37 mil. Just before yearend the note was divided into two notes: Note 1 in the amount of $5.12 mil wa