From: jeffrey E. <[email protected]> Sent: Friday, December 12, 2014 12:42 AM To: Richard Joslin Subject: Re: model ok, leave it alone for awhile On Thu, Dec 11, 2014 at 8:40 P=, Richard Joslin c <mailto » wrote: You asked for cash flow 2015 for advances in call earlier today and co=t of producing titles. That tis genesis for the below. I do n=t think the numbers in the model are finely tuned and given the inconsiste=cies detected, I asked John to provide researched numbers. Neither he nor Diana have looked at a royalty contract =A0 On Dec 11, 2014, at 2:47 PM, "jeffrey E." <[email protected] <mailto:[email protected]» wrote= not sure why you want to do that . but ... On Thu, Dec 11, 2014 at 6:18 PM, Richard Joslin =span dir="ltr"> < <mailto » wrote: To be clear, I asked John and Diana at Phaidon to pr=vide a list of titles for which contracts have been signed or are in negot=ation and to summarize the timing of advance royalty payments by title and=then to compare to the development teams one page P&L summary with similar info. I then asked them =o compare this information to their model and in particular to the cash fl=w including what has already been paid in 2014. I do not consi=er this building the model but rather confirming accuracy of information. I am not making any changes to their model nor the p=esentation. =A0 Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 EFTA_R1_01782284 EFTA02596981