Subject: Re: Follow ups
From: "James Bulger" <[email-masked]>
To: "Seb Momtazi" <[email-masked]>
Cc: "Michael Leonard" <[email-masked]>, "Devon Archer" <[email-masked]>, "Andrew Godfrey" <[email-masked]>, <[email-masked]>
Date: Mon, 21 Dec 2015 14:37:12 -0500

All
Why can't you explain the JJR deal in detail using while sentences? Why an
outline that is vague?
Why avoid the issue of valuation? I find that slide to be half ass
 I am trying to help you sell this to Harvest so keep this in mind English
is Mings second language therefore be clear and consice, also this JJR
investment is not to be treated so lightly that it only gets covered in an
outline. You have a different valuation, this was was never discussed with
Harvest in the past so let's be clear here with a few paragraph write up in
narrative form thus allowing Ming to understand and to show Henry
Those are my comments
Thanks
Jimmy

On Monday, December 21, 2015, Seb Momtazi <[email-masked]> wrote:

> Team,
>
> Attached are the proposed follow up materials to be sent after the call.
>
> It's perhaps best to speak about the valuation considerations of the JJR
> capital investment over the phone. Similarly, we can point out that actual
> inflows into BAM were 75.4MM through december (although AUM is higher than
> what we last sent, it's not as high as 75.4mm because of the market
> performance)
>
> Please let me know comments. Mike, I attach in word so you can make direct
> edits
>
> thanks,
>
> seb
>

-- 
James J. Bulger
Chairman
Thornton Group LLC
14 Beacon Street, Suite 804A
Boston, MA 02108
Office tel: 617.248.944