Re: OZ

Andrew –

EFTA01035316

Following up on the idea of a bank In a usvi opportunity zone, Mark and I spoke to a few lawyers and reviewed the opportunity zone regulations. We have been told that if we opened a bank in an opportunity zone that in order to retain the favorable tax benefits of the opportunity zone program, the bank could only invest up to 5% of its assets in financial instruments (which include loans).

Tom

Thomas Mukamal
CEO
Island Global Yachting Ltd.
717 5th Avenue, 18th Floor
New York New York 10022

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Sometimes even I make mistakes. Don't worry.

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Thoughts?

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you know my thoughts. please dont have people asked about our plans. it will fuck it up. feel free to talk to me

im in paris. . no worry , but i dont want the idea floating around. your boys are certaiinly not clever in this space. and for the future , when someon tells you they spoke to someone please tell me the actual name of teh person , not a firm or division . the regs are not out yet. so obviosly erroneious info