Epstein Secrets

ct: Fwd: Next Please advise. Thank you. HBRK Associates Inc. 575 Lexington Avenue, 4th Fl=or New York, NY 10022 Begin forwa=ded message: From: Neale=Attenborough < Date: August 24, 2017 at 4:50:55 PM EDT To:=/b> Richard Kahn < Cc: Chris Lawler < Subject: I look forward to our conve=sation. <

s etc. Tha= is not the way we look at what is unfortunately for all merely a pe=sonal service business. Faith and Joel make up the business, nothing more.&nb=p; We calculate the Ebidta, which we think is an odd way of measuring=value of a personal service biz with lots of competition and small growth o=po

e of O.58x ($6.7 x 0.58 = $3.9 enterprise value), a lev=l that is far too low for us to accept. I look forward to our discu=sion tomorrow morning. Neale From: Richard Kah= [mailto Sent: Friday, August 25, 2017 11:51 AM To: Neale Attenborough Cc: Chris Lawler Subject: Re: Next <make Pretty funny

etc. Tha= is not the way we look at what is unfortunately for all merely a pe=sonal service business. Faith and Joel make up the business, nothing more.&nb=p; We calculate the Ebidta, which we think is an odd way of measuring=value of a personal service biz with lots of competition and small growth o=p

e of 0.58x ($6.7 x 0.58 = $3.9 enterprise value), a lev=l that is far too low for us to accept. I look forward to our discu=sion tomorrow morning. Neale From: Richard Kah= [mailto Sent: Friday, August 25, 2017 11:51 AM To: Neale Attenborough Cc: Chris Lawler Subject: Re: Next <mailtc > Pretty fu

s etc. Tha= is not the way we look at what is unfortunately for all merely a pe=sonal service business. Faith and Joel make up the business, nothing more.&nb=p; We calculate the Ebidta, which we think is an odd way of measuring=value of a personal service biz with lots of competition and small growth o=po