Re: To Do

Rich

I would like to clean up the following positions:

Sell Akorn — they were bought for cash and makes no sense to hold from here

Sell GE — the company could take years to turnaround and I fear it will become another IBM.

Our GM position is way too big. I don't like any of the OEMs. Ride sharing and lower millennial car ownership will be a serious headwind for all of these car producers. I would gladly rotate the entire GM exposure to the Driver Assistance Theme.

Sell Match – position very small

Sell MobileEye – INTC bought them and I hate Intel

Sell Terraform Global – position too small

Sell Global Partner Acquisition Corp

The next generation of cars and smartphones are going to have 3D sensors (think Iris scan vs fingerprint scan). So we should $2.5MM from the proceeds of the above sales and buy $500,000 of each of the following:

• ST Micro
• AMS AG
• Sunny Optical
• ASM

And lastly we need more eGaming exposure. We have Tencent and NetEase— both of which we will add on the next opportunity. So I would like to add $500,000 each to:

• Ubisoft Modern Times

Paul

Ok to all