From: Paul Barrett Sent: Friday, Aug.... To: jeffrey E. Subject: RE: PLN No - that was the amount of PLN profit above and beyond the PLN hedge amount. That is the USD value of remaining PLN. Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 (o) (c) <mailto From: jeffrey E. <jeevacation@gmail.com> Sent: Friday, Au ust 03, 2018 10:51 AM To: Paul Barrett Subject: Re: PLN i thought you wrote it cost 185k On Fri, Aug 3, 2018 at 10:42 AM, Paul Barrett <mailto wrote: Why? I thought PLN would weaken so I hedged the fx exposure. PLN is down 8% since I bought the stock. The hedge worked. EFTA_R1_01787100 EFTA02600222 Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 (o) (c) p <mailtc From: jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com» Sent: Friday, August 03, 2018 10:36 AM To: Paul Barrett <mailt >; Richard Kahn Subject: Re: PLN yes. again a very bad decision to hedge !!! were you afraid poland would strengthen compared to dollar !!?? On Fri, Aug 3, 2018 at 10:29 AM, Paul Barrett <mailto: wrote: Jeffrey OK to convert the excess PLN back into USD? I need to sell around 682K PLN ('1185K). Paul 2 EFTA_R1_01787101 EFTA02600223 Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 mailt 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 jeevacation@gmail.com <mailtoleevacation@gmail.com> , 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 jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01787102 EFTA02600224