From: "Jeffrey E." <[email protected]> To: Eileen Alexanderson Subject: Re: Further timber update Date: Tue, 18 Nov 2014 14:51:41 +0000 we would like the sale this year if posshle to claim the loss On Tue, Nov 18, 2014 at 10:22 AM, Eileen Alexanderson > wrote: Put in a call. Will be back when I get an answer Sent from my iPhone On Nov 18, 2014, at 9:21 AM, "Jeffrey E." <[email protected]> wrote: when do they come out? On Tue, Nov 18, 2014 at 9:16 AM, Eileen Alexanderson < > wrote: Sept 30th values are not out yet. Yes, as I indicated in email last week, fee to Eaton is 100bps. This note was to update you on pricing. Sent from my iPhone On Nov 18, 2014, at 1:02 AM, "jeffity E." [email protected]> wrote: Is there an update to June value??? And isn't there a fee ?? On Monday, November 17, 2014, Eileen Alexanderson < wrote: Timber update- no better bids came in. Best bid is a 15% discount on the 6/30value = to $16,125,588. This was the bidder's initial offer. Eaton Partners believes there may be a few addl % pts they will be able to extract. This addl % was obviously built into status update last week when they gave guidance that they had a ' low teens' bid. There were 10 bids-majority came in with +/-30% discounts. This best bidder would like a brief period to do a bit more confirmatory due diligence and will commit to close sometime before year end. I sent the same update to Leon asking if he is agreeable to a bid at this level. Eileen Alexanderson El sium Management New York NY 10022 Phone: Email: Sent from my iPhone EFTA00868311