From: jeffrey E. <jeevacation@gmail.com> Sent: Friday, August 3, 2018 4:06 PM To: Richard Kahn Subject: Fwd: PLN Forwarded messag= From: Paul Barrett Date: Fri, Aug 3, 2018 at 10:54 AM Subje=t: RE: PLN To: "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation=gmail.com» 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 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llth<=sup> Floor, New York, NY 10019 </_> =/span> From: jeffrey E. <jeevacation@gmail.com <mailto:jeevac=tion@gmail.com» Sent: Friday, August 03, 2018 10:51 AM To: Paul Barrett Subject: Re: PLN i thought you wrote it cost 185k 1 EFTA_R1_01787175 EFTA02600283 On Fri, Aug 3, 2018 at 10:42 AM, Paul Barrett wrote: Why? I thought PLN would weaken so I hedged the fx e=posure. PLN is down 8% since I bought the stock. The hedge worked.<=> Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th =treet, 11th Floor, New York, NY 10019 =u> <=> From: Jeffrey E. <jeevacation@gmail.com <mailto:jeevac=tion@gmail.com» Sent: Friday, August 03, 2018 10:36 AM To: Paul Barrett Richard Kahn Subject: Re: PLN yes. again a very bad decision to hedge =!! were you afraid poland would strengthen compared to d=llar II?? On Fri, Aug 3, 2018 at 10:29 AM, Paul Barrett wrote: Jeffrey 2 EFTA_R1_01787176 EFTA02600284 OK to convert the excess PLN back into USD? I need t= sell around 682K PLN (- $1.85K). Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th =treet, 11th Floor, New York, NY 10019 =U> please no=e 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@gmailcom <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01787177 EFTA02600285 please no=e 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 =AO please note The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, pl=ase notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved 4 EFTA_R1_01787178 EFTA02600286