Epstein Secrets

Financials - Fl =iling now =ublicly available 2017 =evs: $5B & Positive FCF =133M — 5.6x trailing revs certainly possible, implying $25B+ =aluation (Vivendi — not clean comp sells at 2.2x current yr =evs). Ordinary Shares Outstanding: Working on syncing our =hares outstanding number with what is reporte

nches by Sell Side Week of March 26: Trading Begins - =dvisors work with Spotify to set initial trade price • April 2 (Tentative): Options =rade Financials - Fl =iling now =ublicly available 2017 =evs: $5B & Positive FCF =133M — 5.6x trailing revs certainly possible, implying $25B+ =aluation (Vivendi — not

_18> now publicly ava=lable 2017 Revs: $=B & Positive FCF $133M — 5-6x trailing revs certainly possible= implying $25B+ valuation (In our SOTP for Vivendi we ha=e music at 4x sales or €24bn) Ordinary Shares Outstanding:=/b> 176,976,280 reported as of 2/22/18 Valuation: At high end of rece=t trading, im

• Week of March 26 =Tentative): Trading Begins - Advisors wor= with Spotify to set initial trade price <=pan>* April 2 (Tenta=ive): Options Trade Financials - Fl filing <https://www.sec.gov/Archives/edga=/data/1639920/000119312518063434/d494294dfl.htm#rom494294_18> now publicly ava=lable 2017 Revs: $=B & Po

_18> now publicly available 2017 Revs: $58 & Positive FCF $133M — 5-6x trailing revs certainly possible, implying $258+ valuation (In our SOTP for Vivendi we have music at 4x sales or E24bn) Ordinary Shares Outstanding: 176,976,280 reported as of 2/22/18 Valuation: At high end of recent trading, implie

Side • Week of March 26 (Tentative): Trading Begins - Advisors work with Spotify to set initial trade price • April 2 (Tentative): Options Trade Financials - Fl filing <https://www.sec.gov/Archives/edgar/data/1639920/000119312518063434/d494294dfl.htmtlrom494294_18> now publicly available 2017 Revs: $58 & P