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value1008

03/31/18 10:03 AM

#2966 RE: Enterprising Investor #2965

That's 210 Capital's address-- Robert Alpert and C.Clark Webb.

You can read about those guys at the management team info for PIOE:
http://ir.p10holdings.com/corporate-governance/management

They're both a couple of Princeton U grads....

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Robert H. Alpert
Chairman of Board of Directors and Co-CEO [of P10 Holdings]

Robert H. Alpert is founder and general partner of RHA, Inc. and Atlas Capital Management, L.P. (collectively "Atlas·). From October 1995 to September 30, 2015, he was responsible for the investments and operations of Atlas Capital Management (a long-short strategy). Atlas Capital Management has transitioned to Robert's family investment vehicle. Robert is also the co­ founder of Homebuilder Capital Advisors LLC (a real estate specialty finance company), a managing member of 210 Capital, LLC., a managing member of Prime Sleep, LLC (a mattress retailer in Kansas City), Director of Redpoint Insurance Group (a Texas P&C company), and an Advisor to CA Partners (a fund of funds). Prior to founding Atlas, Robert was a portfolio manager for Luther King Capital Management (1990-1995). Prior to joining LCKM, Robert was a Management Associate at Paine Webber (1987-1989)

Robert holds a BA from Princeton University (1987) and an MBA from Columbia University (1990). Robert is married with three children. Robert is an active member of Watermark Community Church. Robert and his wife founded a private foundation, Covenant Charities, Inc. Robert is currently on the Board of The Halftime Institute and Dallas Theological Seminary. He is also a co-founder of Lemonade Day-Dallas.

C. Clark Webb
Director and Co-CEO [of P10 Holdings]

C. Clark Webb is Founder and Managing Member of P10 Capital Management, LLC. Prior to forming Pl0 Capital Management, Clark was CoPortfolio Manager of the Lafayette Street Fund, a multi-billion dollar opportunistic equity strategy, and a Partner at Select Equity Group, L.P., an asset manager with over $20 billion in assets under management. Clark graduated from Princeton University and serves on the Board of Trustees of Christian Union.

EM

03/31/18 12:11 PM

#2968 RE: Enterprising Investor #2965

EI thanks for your insight again ....
A few question for the board:

1) we common shareholders (class 5) will take 16%/20% of the new issued shares. That said why they said class 5 will receive an estimated recovery of 0,19 to 0,24 per share?

2) 210/GS will have 49% of the co. (As they did in PIOE) paying $17,5mm for approx 725.812 (or 907,265) that means they are paying $24 (or $19) per share. Is that correct?

Combining the two questions, the answer could be that the estimated recovery for us (0,19 to 0,24) is not R/S split adjusted (1:1000).