EFTA00640957.txt

"From: Richard Joslin To: Brad Wechsler"

"CC: [email protected] <[email protected]>"

"As you probably know this is something jeffrey and I want to focus on."

"we need to nail down the cost basis of the timber investment as we plan to dispose of it soon."

"It would be helpful to have direct dialogue with Judith Regan re finances rather than interpretive version through Phaidon CFO."

"Rich-thx for the catch-up yesterday. ... Really appreciated some of your insights yesterday."

"Regan arts ad Artspace show difficulty showing a csh profit, ie needing extended funding commitment"

"www.imax.com IMAX(r) is a registered trademark of IMAX Corporation."