EMAIL DETAILS

The attached is what I sent Andrew a couple of weeks ago at Devon’s request. It also went to Marcelle. This details our June deficit and projected revenue/expenses under a variety of scenarios. These numbers reflect only business we would generate absent Burnham and assume NO revenue generated for Burnham (such as via trading revenue) or that Burnham generates in concert with us. The “Status Quo” scenario assumes the $20K from Achievement/Grosvenor and an additional $20K a month in retainer income that I had hoped would come from Cable and Wireless.

One key thing to keep in mind is that I counted the $49K owed to us by Transatlantic/CAF towards our June revenue (and made it clear to Andrew and Marcelle that I was doing so). I still am hopeful it will come in in June but I made clear that that revenue is not guaranteed for this month.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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