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Antonio L. Harrison [blacked out area]
October 9, 1987
Mr. David C. Driskell [blacked out area]
Dear [crossed out "Mr. Driskell"] [handwritten "David"]:
The sales memorandum for the prospective purchase has been received from Kidder, Peabody, ecting as financial advisor for the seller NBC.
I have enclosed for your review the following items:
1. investment highlights;
2. the offering procedures; and,
3. the financial statements of the target property.
You will see in both the highlights and the financials that the property is projected to generate a cash flow of $4.7 million for 1987 (See Page 3).
You should also note their intention to only sell this property to "a bonafide minority person or group who will be able to provide NBC with a tax certificate" (See Page 4, Paragraph 1). You might review the article from our last letter regarding the tax certificate.
Please treat this information with the utmost confidentiality. If you have to share the financials with someone else for input request their confidential treatment of this information. You will note that I have removed the name of the target company from the enclosed financial data, but not the other information. This is intended as further protections of this data.
We will be doing our own review and will get back to you.
Sincerely yours,
Tony
Antonio L. Harrison
Enclosure