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Fast work thanks for putting it together

On Monday, December 21, 2015, Seb Momtazi <seb@dodsondiversified.com> wrote:

> Did not have this write up ready. Only the outline waiting for comments. Wrote
> it out on receipt of your email.
>
> On Monday, December 21, 2015, James Bulger <jbulger@thorntonai.com
> <javascript:_e(%7B%7D,'cvml','jbulger@thorntonai.com');>> wrote:
>
>> Not great but better for sure
>> Let's just be ready for the JJR discussion
>> Ming will question this JJR deal carefully as it has just been sprung on
>> him. For instance splitting off the Burnham Securities business has been
>> in the works for 15 months but we just jumped in and executed it at a a
>> high cost to BAM since our last meeting Ming.
>> This call tomorrow will be important you guys have some sound reasons for
>> doing the JJR deal and they can be discussed.
>> By the way Sebastian did you just send me the outline earlier for the
>> fuck of it? You must have had this write up ready to go
>> Larry Liu might also cause some questions Henry will be very careful
>> about checking out that Chinamans reputation and background. How did you
>> meet him? And does he actively participate or is he silent for the most
>> part?
>> Jimmy
>>
>> On Monday, December 21, 2015, Seb Momtazi <seb@dodsondiversified.com>
>> wrote:
>>
>>> Jim,
>>>
>>> Please try this.
>>>
>>> Best,
>>>
>>> Seb
>>>
>>> On Mon, Dec 21, 2015 at 2:37 PM, James Bulger <jbulger@thorntonai.com>
>>> wrote:
>>>
>>>> All
>>>> Why can't you explain the JJR deal in detail using while sentences? Why
>>>> an outline that is vague?
>>>> Why avoid the issue of valuation? I find that slide to be half ass
>>>> I am trying to help you sell this to Harvest so keep this in mind
>>>> English is Mings second language therefore be clear and consice, also this
>>>> JJR investment is not to be treated so lightly that it only gets covered in
>>>> an outline. You have a different valuation, this was was never discussed
>>>> with Harvest in the past so let's be clear here with a few paragraph write
>>>> up in narrative form thus allowing Ming to understand and to show Henry
>>>> Those are my comments
>>>> Thanks
>>>> Jimmy
>>>>
>>>> On Monday, December 21, 2015, Seb Momtazi <seb@dodsondiversified.com>
>>>> wrote:
>>>>
>>>>> Team,
>>>>>
>>>>> Attached are the proposed follow up materials to be sent after the
>>>>> call.
>>>>>
>>>>> It's perhaps best to speak about the valuation considerations of the
>>>>> JJR capital investment over the phone. Similarly, we can point out that
>>>>> actual inflows into BAM were 75.4MM through december (although AUM is
>>>>> higher than what we last sent, it's not as high as 75.4mm because of the
>>>>> market performance)
>>>>>
>>>>> Please let me know comments. Mike, I attach in word so you can make
>>>>> direct edits
>>>>>
>>>>> thanks,
>>>>>
>>>>> seb
>>>>>
>>>>
>>>>
>>>> --
>>>> James J. Bulger
>>>> Chairman
>>>> Thornton Group LLC
>>>> 14 Beacon Street, Suite 804A
>>>> Boston, MA 02108
>>>> Office tel: 617.248.9440
>>>>
>>>
>>>
>>
>> --
>> James J. Bulger
>> Chairman
>> Thornton Group LLC
>> 14 Beacon Street, Suite 804A
>> Boston, MA 02108
>> Office tel: 617.248.9440
>>
>

--
James J. Bulger
Chairman
Thornton Group LLC
14 Beacon Street, Suite 804A
Boston, MA 02108
Office tel: 617.248.944