From: Sent: To: Subject: Richard Kahn 7/13/2018 6:46:14 PM jeffrey E. [[email protected]] Re: AVGO Importance: High i do not believe so.. i will look into exact trades.. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel l fax cell On Jul 13, 2018, at 2:41 PM, jeffrey E. <jeevacation(@,gmail.com> wrote: Did he sell naked puts?? On Fri, Jul 13, 2018 at 2:35 PM Richard Kahn 1 > wrote: i believe he is married to broadcom as has he got stuck with stock on both 4,000 lots from selling puts .. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell On Jul 13, 2018, at 2:18 PM, jeffrey E. < [email protected]> wrote: Again?? How many puts ? What are the alternatives. The fact tgat you iwn tha stock at a higher price is affecting your decision. Sorry. This is judt ridiculous!!! Would you buy the stock here. ???? If you would would you also buy puts ??? My patience is at its end On Fri, Jul 13, 2018 at 2:13 PM Paul Barrett | wrote: HOUSE_OVERSIGHT_031813

My initial recommendation this morning was to buy the $200 Aug puts. I still think that is the best idea. The stock is now down 16% on a deal that no one fully understands. The CEO has a good track record regarding mergers. So I think it makes sense to keep the stock and own protection for the next 35 days until we hopefully get more clarity from management. Paul Barrett Alpha Group Capital LLC 142 W 57h Street, 11th Floor, New York, NY 10019 <image001.jpg> From: jeffrey E. < [email protected]> Sent: Friday, July 13, 2018 1:55 PM To: Paul Barrett < Cc: Richard Kahn < Subject: Re: AVGO Ive had enough!!!! Which puts ??? On Fri, Jul 13, 2018 at 1:40 PM Paul Barrett 4 Any thoughts on the AVGO Aug puts? Stock trading at 204.50. Aug puts now $6.50 Paul Barrett Alpha Group Capital LLC 142 W 57*h Street, 11th Floor, New York, NY 10019 > wrote: <image003.jpg> From: Paul Barrett Sent: Friday, July 13, 2018 9:42 AM To: jeffrey E. < [email protected]>; Richard Kahn 4 Subject: RE: Jeffrey HOUSE_OVERSIGHT_031814

I understand your frustrations and appreciate your willingness to figure out a solution. I have some ideas which I will send you over the weekend if that is OK Re Broadcom: the stock is up $1.20 at $211.50. After the initial shock reaction of yesterday, there has been a lot of focus on the cost synergies etc. but very little conviction in revenue opportunities. However until we hear from management as to the overall intentions of the deal, uncertainty will linger. This morning the pricing is as follows: Aug 200 Puts cost $4.10 Sept 200 Puts cost $7.90 Earning are on 08/30. So worst case is the uncertainty lingers until then which would argue to buy the Sept puts. However I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry. Paul Paul Barrett Alpha Group Capital LLC 142 W 57h Street, 11th Floor, New York, NY 10019 <image003.jpg> From: jeffrey E. < [email protected]> Sent: Friday, July 13, 2018 7:11 AM To: Paul Barrett < Subject: P; Richard Kahn < Im not angry, sorry, it is sad. it is apparent that you have no experience trading. we both made a mistake. the spy trades were the results of a rank amatuer.. you took a postion on the direction of the market. ok. you decided to play it extra short time and short. . why? becaue the options are cheaper. ? knowing full well that time premium was running. . first silly move. . I allowed as promised to give you authority. you set a target. . it hit the traget, you moved in back. based on media reporting on trump visit? you didnt act. the market dipped and you panicked. . AMATEUR. wrong options wrong timing, no discipline and as a percentage of investment. a one day dip fof 25%. wanting to buy the highter strike, is ok. but why the same month? why the same moment. why the same index. . sorry. I have taught this for many years. and your grade is an F. not one good move in many. broadcom. the crack happend in the morning. options were higher. no alternative presented. no analysis. , this is no way to manage money. I have lost a great deal of money hoping you would be able to do as you promised you could. would.. Had you told me, jeffrey I d like to try a new job as a HOUSE_OVERSIGHT_031815

manager lets start slow I can learn. i would be less annoyed. you told me you had great confidence knew the risks and truly believed you would be able to raise money do well and prosper. . If it were not you, this would have ended months ago.. we should work on a solution. not sure yet what shape it takes. - please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawtul. It you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved -- please note HOUSE_OVERSIGHT_031816

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved HOUSE_OVERSIGHT_031817