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; Casriel, Lyle CC: Klein, Matthew Ramdeen, Vijai ; Waldron, Chelsey Devon Subject: RE: MAXWELL: Revised Proposal Will do Hope you are well. Scott L. Stackman Managing Director - Investments Private Wealth Advisor UBS Private Wealth Management T C 1 l; Shkreli, Juliana Pleage be advised that this e-
Message From: Stackman, Scott Sent: 7/15/2014 4:05:16 PM To: G Maxwell ; Casriel, Lyle CC: Klein, Matthew Ramdeen, Vijai ; Waldron, Chelsey Devon Subject: RE: MA
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
m: Casriel, Lyle Sent: 7/10/2014 9:08:41 PM To: G Maxwell CC: Garcia, Camille I; Klein, Matthew I; Ramdeen, Vijai I; Shkreli, Juliana I 1; Stackman, Scott I Waldron, Chelsey Devon Subject: MAXWELL: Revised Proposal Ghislaine, Based on our discussion and your need to raise some cash these are
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
Message From: Casriel, Lyle Sent: 7/15/2014 9:07:12 PM To: G Maxwell [ CC: Klein, Matthew [ Stackman, Scott Subject: RE: MAXWELL: Revised Proposal Attachments: Maxwell Holdings.pdf Ramdeen, Vijai I; Shkreli, Juliana 1; Waldron, Chelsey Devon T
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
5/2014 8:52:40 PM To: G Maxwell CC: Klein, Matthew Ramdeen, Vijai Shkreli, Juliana Subject: RE: MAXWELL: Revised Proposal Ghislaine, I; I; Stackman, Scott I I; Waldron, Chelsey Devon We executed as instructed and kept Twitter and BHP. Proceeds raised are approximately 716k. We will move the cas
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
Message From: Casriel, Lyle Sent: 7/16/2014 10:51:58 PM To: G Maxwell CC: Klein, Matthew ; Ramdeen, Vijai I; Stackman, Scott I I Subject: RE: MAXWELL: Revised Proposal Attachments: Maxwell Holdings Report.pdf; Maxwell GL Report.pdf Ghislaine, I; Shkreli, Julia
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
Entities connected to both Scott Stackman and Illinois Tool Works

Ghislaine Maxwell
PERSONJuliana Shkreli
PERSONVijai Ramdeen
PERSONWaldron
PERSONChelsey Devon
PERSONGarcia
PERSONCamille
PERSONMatthew; Ramdeen
PERSONLyle & Scott
ORGANIZATIONLukoil
ORGANIZATION
Tesco
ORGANIZATION
Target
ORGANIZATIONApache
ORGANIZATIONGeron
ORGANIZATIONUPS Financial Services, Inc.
ORGANIZATIONCasriel
ORGANIZATION