Subject: Re: Fargo
From: <[email-masked]>
To: "David C. Wittig" <[email-masked]>, "Hunter Biden" <[email-masked]>
Date: Thu, 04 Dec 2014 18:20:03 -0500

‎I defer to Hunter but I'm inclined to keep the Romanians in the deal. Based on what we know I believe we can control them and at the same time minimize our initial exposure.

Michael Karloutsos
(215) 806 2311

From: David C. Wittig

Sent: Thursday, December 4, 2014 6:15 PM

To: Hunter Biden; Michael Karloutsos

Subject: Fwd: Fargo

Here is an email from Paris, the CEO of Euroconsultants.
The general idea is the CEO of the railroad thinks we should go to the Prime Minister and move forward by ourselves (with management of course).  Eliminating the Romanians is fine, except they were providing the capital.

I will know more next week, but I am inclined to pursue this alone.  We can always move to #2 or #3.

Thoughts?

David

Begin forwarded message:

Subject: Fargo

From: Paris Kokorotsikos <[email-masked]>

Date: December 4, 2014 at 5:12:43 PM EST

To: "Wittig David C." <[email-masked]>

Dear David
Herewith a short memo on the Fargo issue.
I dont write precisely  , for security reasons.
I had an extensive discussion with the professor today.
We analyzed options.
We concluded
1.  that if the US fargo companies are seriously interested then we go to PM office together ,discuss with Ptoh  that you know and ceo  , and decide to move alone , without Roms ! If we are serious and convince him,they will leAd the current process to deadlock ( skip the bears) and retender and then we go for it ourselves without Rom drag-load .he thinks that RO m and US management attitude is totally different and it wouldn't work.
2. If ther is a light interest we go as minority with the rom ,in current process and we get upside by the upgrade of Roms proposal
3.greenfield with the US Fargo as discussed
He prefers solution 1.
I have to keep the balance between keeping the appetite of the Rom for Us partner and the option that we might not use them ....
Regards
Paris
Sent from my iPad

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