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orning. As I mentioned, while I haven't seen everything I believe these letters started arriving in May and have been addressed to the directors of Acquisition LLP, Topco, Midco and Bidco, Le., Leon, Eileen and in one case, Debra, albeit all addressed to McFarlanes. We were on the phone with the UK auditors thi
UK auditors this morning and went through the steps to quickly to clean-up this mess. With respect to the $3.2MM leaving Bidco and dropping down to Phaidon Press for the acquisition of the preferred shares, that money moved from Bidco's US bank account to Phaidon's UK bank account. The second $1.6MM wire was
the 2013 =ax Returns The next steps to complete the process are as follow=: • MacFarlanes will produce a document that=terminates the loan between Acquisition LLP and Midco as at 1/1/2014 (This=will done as an addendum to the current umbrella agreement) • BDO will advise how we treat this from a= accounting
e this is done we agreed to take a lo=k at the movement of Press Inc and transfer pricing etc. Regards, John. <=span></=> John Murphy COO/CFO Phaidon Press 65 Bleecker Street</=> New York, NY 10012</=> <=span> phaidon.com <http://phaidon.c=m> 3 EFTA_R1_01641920 EFTA02510280
2013 Tax Returns=/u> The next steps to complete the process are as follow=: • MacFarlanes will produce a document that terminates th= loan between Acquisition LLP and Midco as at 1/1/2014 (This will done as =n addendum to the current umbrella agreement) 2 EFTA_R1_01642025 EFTA02510346 * BDO will advise h
Once this is done we agreed to take a look at the move=ent of Press Inc and transfer pricing etc. Regards, John. <=span> John Murphy COO/CFO Phaidon Press 65 Bleecker Street</=> New York, NY 10012</=> + 212 652 5218 [email protected] <javascript:_e(%7=%7D,IcyrnE,'[email protected]);> =u> <=s
Entities connected to both Acquisition LLP and Phaidon Press

Jeffrey Epstein
PERSON
Marc Rich
PERSON
Artspace
ORGANIZATIONPhaidon
ORGANIZATIONEileen Alexanderson
PERSONJohn Murphy
PERSON
Melanie Spinella
PERSONPress Inc
ORGANIZATIONPeter Goodwin
PERSONMacFarlanes
ORGANIZATIONJMWT Reorganization
ORGANIZATIONBDO US
ORGANIZATION