From: Richard Kahn Sent: Tuesday, March 31, 2015 6:21 PM To: Jeffrey E. terrible execution as stock was 14.40/14.42 with approx 415k =f volume when you placed order also should i challenge =06 vs .03? a few thoughts: 1) we could shut down Galloway as he is =own to 1 position TBIO (currently at 1.45) and use TD Ameritrade for =lane vanilla executions they charge 9.99 per =rade https://www.tdameritrade.com/pricing.pagettStocks 2) another idea is for =utterfly to take loan from SFL and purchase your next idea in that =ccount to hopefully utilize cap loss carry which will be approx =,000,000 - 1,100,000 in 2015 (butterfly cash =alance after yesterday wire is approx 83,000) Richard Kahn HBRK Associates Inc. New York, NY 10022 tel fax- cell Begin forwarded message: From: =/b>Vahe Stepanian To: Richard Kahn Cc: Daniel Sabba Ariane Dwyer Subject: ./b>RE: ICJ Date: =/b>March 31, 2015 at 2:11:04 PM =DT Classification: Confidential EFTA_R1_01348863 EFTA02359582