Epstein Secrets

From: Richard Kahn Sent: Monday, March 5, 2018 6:01 PM To: Jeffrey E. Subject: Fwd: BAML Spotify Cheat Sheet Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fa cel Begin fo

Kahn Sent: Monday, March 5, 2018 6:01 PM To: Jeffrey E. Subject: Fwd: BAML Spotify Cheat Sheet Rich

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

From: jeffrey E. <[email protected]> Sent: Wednesday, March 7, 2018 11:27 PM To: David Fiszel Subject: Fwd: BAML Sootily Cheat Sheet - UPDATE what does this

• 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

n't involved. Analyst day will be March 15 and I think it will be a lovefest. Morgan, GS and Allen&Co are the advisors. On Mar 7, 2018, at 6:27 PM, jeffrey E. <[email protected] <mailto:[email protected]> wrote: what does this mean to us Forwarded message From: Richard Kahn < <mailto Date: Wed,

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