From: Richard Joslin Sent: Thursday, May 5, 2016 10:22 PM To: Brad Wechsler; '[email protected]' Subject: RE: Re: Attachments: GRAT 2 ANALYSIS.PDF; BFP VALUATION GROSS TO NET DISCOUNTED VALUE.pdf Two files 1) Empire Gross Asset Value to net discounted value from 2013 to 2015 for selected valuations 2) the change over time (lower) of Empire's trading restriction discount on APO stock (sent Nov 2015) From: Brad Wechsle Sent: Thursday, May 05, 2016 2:46 PM To: [email protected]' <[email protected]>; Richard Joslin Subject: Re: Ok From: jeffrey E. [mailto:[email protected] Sent: Thursday, May 05, 2016 02:27 PM To: Brad Wechsler Subject: Re: its says grat discount 36 %. . next quarter 34.4% or something close. On Thu, May 5, 2016 at 2:20 PM, Brad Wechsler > wrote: He's looking thru his emails and other materials and will forward but he seemed unclear... From: jeffrey E. [mailto:[email protected] <mailto:[email protected]> ] Sent: Thursday, May 05, 2016 01:30 PM To: Brad Wechsler Subject: EFTA_R1_02077840 EFTA02703088