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4 of Merrill Lynch and is subject to the terms available of the following link. This material was prepared by Cash Equity Trading of Mernll Lynch, Pierce, Fenner & Smith. Incorporated ("MO). The material is not a publication of BolA Merrill Lynch Global Research, and it has not been reviewed or approved by BolA Merril
rdinate calls with John Egon, 8.4IVIL's Short Analytic Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act like a stabilizing agent normallywould (with banks advising) to help match supply and demand • The opening is likely to be very delayed as
rsonnel of Mame Lynch end is subject to the terms available at the folibwkig fink This material was prepared bytash Equity Trading of Merrill Lynch, Pierce, Fenner & Smith, Incorporated PAO. The material is not a publication of BolA Merrill Lynch Global Research, and it has not been reviewed or approved by BolA Merrill
coordinate calls with John Epan, BMOCs Short ArlOiyikS Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act Gke a stabilizing agent normally would (with banks advising) to help match supply and demand • The opening is likely to be very delayed as
p.bankofamerica.com/business/smb/landing/emaildisclai=er/americas/global-markets This material was prepared by =ash Equity Trading of Merrill Lynch, Pierce, Fenner & Smith, =ncorporated ("ML"). The material is not a publication of BofA Merrill =ynch Global Research, and it has not been reviewed or approved by BofA =er
o coordinate calls with John Egan, BAML's =hort Analytics Specialist Expected Trading Dynamics Our understanding is that on the =orning of trading, the Floor Specialist will act like a stabilizing =gent normally would (with banks advising) to help match supply and =emand • • The opening is likely to be very =elay
.bankofamerica.com/business/smb/landing/emaildisclaimer/americas/global-markets> This material was prepared by Cash Equity Trading of Merrill Lynch, Pierce, Fenner & Smith, Incorporated ("ML"). The material is not a publication of BofA Merrill Lynch Global Research, and it has not been reviewed or approved by BofA Mer
oordinate calls with John Egan, BAML's Short Analytics Specialist Expected Trading Dynamics • Our understanding is that on the morning of trading, the Floor Specialist will act like a stabilizing agent normally would (with banks advising) to help match supply and demand • The opening is likely to be very delayed
Entities connected to both Pierce, Fenner & Smith and the Floor Specialist

Jeffrey Epstein
PERSON
Richard Kahn
PERSONAmanda
PERSONBull/Bear Views
ORGANIZATIONGlobal Markets
ORGANIZATIONVivendi
ORGANIZATIONAllen&Co
PERSONTencent Music Entertainment & Tencent
ORGANIZATION
Global Research
ORGANIZATION
Stockholm
LOCATION
Tencent
ORGANIZATION
Woody Allen
PERSONMartin Lorentzon
PERSONLyft/Uber/Airbnb
ORGANIZATIONDavid Fiszel
PERSONSootily
ORGANIZATIONJohn Egan
PERSONBolA Merrill Lynch Global Research
ORGANIZATIONTentative): Company
ORGANIZATIONNew Music & Back Catalog
ORGANIZATION