EFTA01046686.txt

"From: Jeffrey E. To: Brad Wechsler Date: Sun, 07 May 2017"

"On Sun, May 7, 2017 at 11:12 AM, Brad Wechsler wrote: Jeffrey-joe will refine, but my rough numbers"

"if i was to close all phaidon artspace, regan and it was a total write off for debt equity, etc what would my total loss be."

"if i was to close all phaidon artspace, regan and it was a total write off for debt equity, etc what would my total loss be."

"if i was to close all phaidon artspace, regan and it was a total write off for debt equity, etc what would my total loss be."

"Hopefully, this lays out the general information you need to start your planning. As noted by Joe, we are providing you information at a level that we"

"Feel free to call either Joe or myself depending up on the nature of the question."

"3mm to Hachette as a return of a distribution advance (phaidon)."