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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 Av
From: Richard Kahn Sent: Monday, March 5, 2018 6:01 PM To: Jeffr
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
sday, March 7, 2018 11:27 PM To: David Fiszel Subject: Fwd: BAML Sootily Cheat Sheet - UPDATE what does this mean to us [email protected]> Richard Kahn HBRK Associates Inc. <https://maps.google=com/?q=575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gma=l&source=g> Avenue 4th Floor <https:
this mean to us [email protected]> Richard Kahn HBRK Associates Inc. <https://maps.google=com/?
• 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
r 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, Mar 7, 2018 at 4:29 PM Subject: Fwd: BAML Spotify Cheat Sheet - UPDATE To: "jeffrey E." <[email protected] <mailto:jeeva
is mean to us Forwarded message From: Richard Kahn < <mailto Date: Wed, Mar 7, 2018 at 4:29 PM Su
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
Entities connected to both Richard Kahn and Financials - Fl

Jeffrey Epstein
PERSONAmanda
PERSON
Stockholm
LOCATIONDavid Fiszel
PERSON
Tencent
ORGANIZATIONGlobal Markets
ORGANIZATIONVivendi
ORGANIZATIONBull/Bear Views
ORGANIZATIONthe Floor Specialist
ORGANIZATIONJohn Egan
PERSONTencent Music Entertainment & Tencent
ORGANIZATIONBAML Research
ORGANIZATIONMartin Lorentzon
PERSONLyft/Uber/Airbnb
ORGANIZATIONPierce, Fenner & =mith, Incorporated
ORGANIZATIONAlli, Alkesh & Mike
ORGANIZATION