From: "Jeffrey E." <[email protected]> To: Brad Wechsler Subject: Re: Date: Sun, 07 May 2017 15:47:24 +0000 how much has already been written down ? On Sun, May 7, 2017 at 11:12 AM, Brad Wechsler G > wrote: Jeffrey-joe will refine, but my rough numbers: I. Ph basis 33; AS basis 3.7; RA basis 5.1 or total 41.8. (All end of 2016) 2. Ph "projected" cash needs .9; AS "projected" cash needs 1.3; RA "projected" cash needs 1.1 or a total of 3.3. 3. Debt 25.2 (trusts w/3.2 to bfp) 4. Third party obligations: (a)3mm to Hachette as a return of a distribution advance (phaidon). (b) severance-contractual and otherwise--?? (Needs to be estimated) (c) short-term liabilities net of short term assets (payables minus receivables)--?? (Needs to be estimated) (d) real-estate winddown costs--?? (Shouldn't be significant but certainly some.) (e) legal winddown costs-?? (Shouldn't be significant but certainly some.) (0 other--?? Net, net, we know the big numbers: 42mm basis; 25mm current debt (and preferred) load; 3-4mm company projected fir cash needs; 3mm hachette. All equals 75, not including (b)-(f) above which are real, but shouldn't be large. This is my "rough" but I think a pretty good estimate. Joe and I will refine. B Sent from my Verizon Wireless BlackBerry From: "jeffrey E." <[email protected]> Date: Fri, 5 May 2017 15:56:23 -0400 To: Brad Wechsler >; Joe AvantarioG Subject: Re: if i was to close all phaidon artspace, regan and it was a total write off for debt equity, etc what would my total loss be. all letters of credit if any to be paid off , and included. third party loans etc also On Fri, May 5, 2017 at 3:52 PM, Brad Wechsler G > wrote: Jeffrey, Hopefully, this lays out the general information you need to start your planning. As noted by Joe, we are providing you information at a level that we thought would be most useful. If, as, and when we have to take a deeper dive in the future, obviously, we will. Feel free to call either Joe o