Lessons Learned: The Good, The Bad, and The Ugly; Questions to Ask Traders, Private Client Programs $50k to $100m+, How To Fund Viable Projects Today, Asset Monetization, Testimonials and More 20101127
Call or write for a FREE Copy of Call When The Bank Says No!
I trust that you had a great Thanksgiving Holiday! As always we are here to serve you and those whom you choose to refer.
We’re doing well with the new Trade Group. The first 30-day trade we were involved with is paying out next week, one week ahead of schedule. The lone client we placed is going into his second trade which closes to new subscribers Thursday, December 2nd.
We have two vetted, confirmed, and paid clients for the December 6 trade with 11 more going through the process. The return is a whopping 35% for the 10-day trade. The minimum is $500,000 (exceptions $50,000+ on a stand-by basis). You will be paid by December 21, 2010.
Each of you should place money in the monthly program to “crack your nut” personally and “cover the burn” for your business. Trust me, you’ll sleep much better at night.
Remember $50,000 earns $7,500 a month: $100,000 earns $15,000 a month; $200,000 earns $30,000 a month, $500,000 earns $100,000 a month.
When you grow a pair of “cojones” you can join the NBA player who placed $25,000,000 in the monthly program two weeks ago and is earning $5,000,000 a month.
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SMALL BANK BULLET PLATFORM
Small Bank Platform and your funds can stay in your USA BANK
Client can enter Two Times Only.
Client can then go into Tier 1 Platform ($100M+) for higher returns.
Small BANK DEBT- Bullet Program $5M to $20M
This is a Small Bullet Program, 2 weeks, MINIMUM AMOUNT $5M– MAX $20M, 2 weeks, 5 time multiplier. We can accept American, Canadian, and European Banks. This involves an admin hold, monies stay in account. Program will also accept CD’s as well.
This is a different Trade Group than the program we normally feature.
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This is a compilation of everything that occurred in our office for the week. It’s an opportunity for you to see what we learned.
We’re pretty good at what we do but we’re far from perfect. You’ll learn that our clients and funding providers are far from perfect too. Hopefully we’ll all learn some lessons on how to do business better.
We’re looking for “Clients for Life.” If you’re looking for a trustworthy, hard working Capital and Cash Flow Specialist perhaps we can do business. With 34+ years of financial services experience (November 1976 to present) we may be uniquely qualified to serve you and those whom you choose to refer.
Please remember that we work on a Priority-Expedited basis and a Non-Priority- Get To You When We Can basis. Not everyone understands our business model and that’s okay. After 34+ years in financial services we can’t please everyone – We do the best that we can for committed paying clients because they’re the ones who keep us in business.
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I’ve sat through tens of thousands of presentations since we started in business July 1,1999. Most are made by shrewd entrepreneurs in search of funding for their new business concepts.
I am continually shocked by the failure of most of these presentations to communicate effectively and persuasively.
The problem is that nobody knows how to tell a story. And what’s worse, nobodyknows that they don’t know how to tell a story.
The overwhelming majority of business presentations merely serve to convey data, not to persuade.
You need to be able to master the art of telling a story in a clear, convincing manner.
Investors have been burned badly in the past several years. There’s nothing worse than receiving a 250-page “novel” with the funding request buried on page 57. We don’t have time to sift and sort through hundreds of pages of data and to give dozens of hours of our precious time away.
If you’d like to be “coached” on how to present powerfully and effectively you should retain Cash Flow Specialists, Inc. as a Priority – Expedited Client.
We’ve helped hundreds obtain funding, are you next?
This is a special recording and offer How To Fund Your Viable Project:
http://joetufo.s3.amazonaws.com/HowToFundYourViableProject20100308.mov
We’ve had good success in funding several in these difficult times.
We’ve found that those whom we meet with face-to-face for a couple of hours, that really get plugged into our websites, newsletters, articles, and webinars have a much higher funding success rate than those who try to “go on the cheap” skip the process. don’t read the newsletters and, in general, try to do things their way.
If you’re serious about getting funded you’ll come to Concord CA and spend two hours with me.
For only $2,500 you’ll receive two hours of coaching for you and your teamhere in Concord CA on how to properly fund your viable project or idea, athorough review and written critique of your Executive Summary, Bio’s, Detailed Use of Funds, 5-Year Pro-Forma, and Exit Strategy, and a one-year prepaid subscription to http:joetufo.com/blog our 4,000+ page and growing private subscription website which archives our newsletters. This is a $4,664 value if you buy the services separately.
In addition, if you choose to become a Priority Client we’ll credit your entire $2,500 investment plus the costs of your travel to Concord CA towards our Priority Expedited Client Fee.
We’ve been successful in funding dozens of business people who struck out using mainstream funding sources. Block a couple of days; fly or drive to the beautiful San Francisco Bay Area, bring a cashier’s check or wire funds direct to our Bank of America corporate account.
If you need more than two hours we’ll charge only $500 an hour instead of our normal $1,000 an hour and we’ll still credit it all towards our Priority Expedited Client Fee.
If you need me to come to you for two hours you’ll need to add $10,000 for travel expenses and time away from Concord CA. If you need more than two hours we’ll charge only $500 an hour instead of our normal $1,000 an hour and we’ll still credit it all towards our Priority Expedited Client Fee.
On Sat, Oct 23, 2010 at 9:58 PM, Victor B wrote:
Thanks Joe. You are my kind of guy, and I plan to meet with you for a couple of hours within the next couple of weeks; but I have to go to Portland next week and I’ll study your websites before I try to confirm the appointment. I’ll bring a Cashier’s check with me to San Francisco.
Just for your info: I invented plastics recycling in 1987, raised $0.75 mil. in venture capital by Jan. ’89 single-handedly and bought them out by 1991, borrowed millions between 1988-92 and prepaid a $0.5 mil. SBA-guaranteed loan in 1991. However, I have been working very patiently on this phase of my recycling business since the late 1990s; because the big guys wanted to kill recycling in the 1990s. Vic
Vic drove down from Portland Oregon and met with me for two hours at Armadillo Willy’s my favorite barbecue restaurant in Dublin CA Thursday November 4th.
You are forewarned. We did tell you so. We have been involved in a global economic crisis for several years. It isn’t getting any better. If appropriate action was not taken and you are sitting on significant financial losses, I can only guess it’s because you haven’t been reading what I’ve been writing.
It simply isn’t necessary to endure the losses ahead. You have the tools and the strategies in your hands to create a legacy. Set it down, or ignore it, and your course is set. You cannot replace a lifetime of effort. What you have saved and earned by the sweat of your brow can be erased in 10 minutes. In May of 2010, with a 1000 point market drop, the DOW told you how frail the markets are today. Please tell me that you are not still passively along for the ride.
Your time is valuable. Yes we want to make a statement. Like being served papers – you have officially been notified. What you do with the information is up to you. We have an idea for you.
We suggest you help someone. Financial duress has set in. Unemployment continues to threaten both friends and family. Their savings are dwindling and their debts remain. There is a faint smell of fear in the air as you talk to others and they know that after temporary reprieve financial conditions remain on a knife edge. Now is the time to step out and help them.
In all sincerity you know the facts. You may not trust your instincts, but you should. We take no pleasure in reminding you that things are going to get worse before they get better. But you are not a victim of the system, not a victim of the markets, not a victim of anyone or anything – except yourself if you don’t act on what you know. An old sage taught that to flourish as a human, you must act. Don’t just consider the events of the day. Take it a step further, strategize and implement your plan. If you need assistance you know who to call. With 34 years of financial services experience we’ve helped clients devise and implement plans to protect and preserve their family resources.
Here’s what to do. First: stop and read this material thoroughly. Second: list those who would benefit from being empowered by the message or better yet forward this email and blind copy me at joe@joetufo.com
p.s. The hour is late. Don’t delay. Simply read this material and forward it to everyone in your database and copy me at joe@joetufo.com. You have an opportunity to bless your family and dozens of others. Imagine for a moment placing just $100,000 and receiving $15,000 each month for the next few years without the roller-coaster ride of the markets? Will that help you sleep a little bit better tonight?
This is one of the most dependable Traders available:
Kindly email your bank statement not more than three business days old – all statement pages. I will introduce you to Jim P, Project Manager, for the Trade Principal.
Don’t Tell Me/Show Me
I will give you exactly what you give me.
Jim will educate you.
I have personally known the Project Manager of this program for three years. Recently, Jeff, an Illinois Fund Manager client of ours, was introduced. He is being vetted now. Jeff told me that for two and a half years years he tried with several broker groups and got nowhere. He has an entire file drawer of correspondence
When it comes to trading too many times we get caught up in the old Joker Broker World of total fakes, scams and frauds. I have never understood why anyone would spin their wheels, trying to put down a trade, that will never pay, let alone ever get traded (Dream Brokers).When you are ready to enter into a real trade with realistic profits posted then give us a call and find out more.
If you’ve been looking for a Real Opportunity to participate in a proven program this may be the answer for you.
With a trial trade of $50,000 to $100,000 your monthly yield is 15% which is several times the annual interest rate of most U.S.A. CD programs. That’s right, you can earn a yield in one month that doubles the annual rate of return of most CD’s.
Each of you should place money in the monthly program to “crack your nut” personally and “cover the burn” for your business. Trust me, you’ll sleep much better at night.
CDs Overnight Averages
| Product | Yield | +/- | Last week | |
| 6 Mo CD | 0.87% | 0.80% | ||
| 1 Yr CD | 1.29% | 1.29% | ||
| 5 Yr CD | 2.60% | 2.63% | ||
| 1 Yr Jumbo CD | 1.16% | 1.14% | ||
Dale and I were out walking last night. We’ve been friends for more than 33 years. We walk a few miles every night and talk. We’ve been doing that for a few years to stay fit and to share time. I told Dale that this may be the best tool that we have in our “toolboxes” to help people self-liquidate loans in a fraction of the time. It’s also a great tool to use for providing for loved ones, to make a charitable foundation “evergreen,” to fund a college education, to fuel a start-up, and the list goes on.
I taught insurance for 19 years. I was chairman of education for the local life underwriter’s association for 13 years and ran hundreds of agent through classes annually. Our 22-year old daughter, jenny, asked me about life insurance for she and our son-in-law over the weekend. I told her about Banker’s Life & Casualty’s insurance founder – billionaire, John D. McArthur’s famous quote, “We sell insurance, we don’t buy it.”
Did you know that if you place just $100,000 in this small cap trade and allow it to grow for three years that you will have in excess of $20m ($21,600,000) assuming that the trade continues and that you re-invest on an annual basis? That will fund anything you can dream.
Imagine if you started with $1,000,000…
This went out Wednesday October 20th:
Great News Cash Flow Specialists, Inc. Friends!
I had a 60-minute meeting yesterday directly with a stateside trade group: the actual trader. I was amazed.
They have offered Cash Flow Specialists, Inc. two programs directly with them without any intermediary intervention. This is fantastic!
The two programs are as follows:
Option 1a. $50,000 minimum from 90 days to a 5 year or best efforts contract.
A return of 15% paid monthly directly to your bank account.
Option 1b. $500,000. or more will return 20% paid monthly directly to your bank account.
Principal monies will be returned at the end of your chosen contract.
Option II $100,000. or more compounded for 1 year will bring a return of 500% at the end of the 1 year contract plus return of initial principal.
We began accepting contacts and funds for this once in a lifetime joint venture October 25th. Several have already joined.
We have a bullet trade with this Firm $5m becomes $15m , $10m becomes $30m etc. in 30 days. The minimum trade is $500,000 and gains 50%
I was wondering if with this program if the returns are guaranteed and if the principle is protected?
All investments have risk. No investments are guaranteed.
All I need is a bank statement showing they have $50k dated not more than three business days old.
.
The money moves to the trader’s account. That’s how all real trades work, John.
If the client must have an escrow account we have another program: the yield is 6% monthly at $50k, 10% at $100k to $1m, and 12% from $1.1m to $3m.. I have written about that program many times.
I’m available 7AM to 5PM M-F Pacific.
Thanks for contacting me.
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This is a note between a Principal and Trader:
Joe
I have a couple of questions/issues with the contract. The bolded areas are sections in the contract. Please review and provide some insight. Thanks.
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Management
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Is it common that the Private Placement offering company isn’t a registered financial firm?
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Companies that are required to be registered are companies who trade securities etc, FOREX, is not one of those markets that require registration.
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Payout Distribution
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Why doesn’t the contract state the anticipated returns (i.e. 50%)? All of our contracts are left available to edit based off of the specific program that the client is taking advantage of at that time. I believe they sent this contract to you for Brad, more so for him to have the opportunity to review it and ask any questions he may have. When he is ready to move forward, the return can be entered in by hand, or I will personally send through the contract with all points filled in, in regards to returns etc.
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What goes in the Historical Half Unit Dist. USD box? N/A
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Terms of Joint Venture
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Why doesn’t the terms state I’m going into the the one month bullet for $50,000 with 50% return for a total return of $75,000 in 30 days? See question 1 above, will be in the final contract for signing, or can be entered in by Brad himself when ready to sign off on. I will gladly handle these details if need be, please advise as to his wishes.
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I like that fact that the contract states, “DEPOSITOR(S) principle is guaranteed from loss.” I’m assuming this means the prinicpal (i.e. $50,000) is protected? Exactly, the $50,000 investment will be guaranteed from loss.
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Construction
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The above questions are considered part of the Construction section
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How well did you vet FMC given the short turnaround in getting this done? I couldn’t find much information on the Traders. I find it hard to believe that Shawon is the actual trader given he just graduated from Indiana University (BA 2005-2009). I am NOT the trader on behalf of FMC, our platform is fully automated. I am co-owner of the FMC and the software that we developed and “own” outright. We have been an automated trading group since the start, and have only improved our system from the start. Bryan seems like a trader as he designs and programs high-frequency trading algorithms. He nailed it on the head, Bryan used to work for a hedge fund that traded currency…Bryan has also taught myself how to do manual trading so I would have a great understanding of how our platform works inside and out. So while I do manual trading of client funds personally, I have the background needed to run a platform of this nature and be in the position we are currently in to offer this out to clients of interest. Any insights you could provide would be greatly appreciated. I anticipate having the document back to you first thing in the morning once the questions are answered. This is my first Private Placement and I don’t want to be involved in a horror story where one gets ripped off. Thanks for your understanding. In regards to the last statement, I completely understand it and know exactly where he is coming from. These are all questions that should rightfully so should be asked, and I have no problem answering any of them. We ensure that this will be a great first experience for Brad, and look forward to managing his funds for a long time.
If there are any further questions please let me know and I will reply accordingly. I look forward to finalizing the contract with Brad tomorrow, and moving forward to a bright and prosperous future for everyone involved.
The client above is about to be cashed out on his first contract. He is executing a new contract, investment and wants to be a “Client for Life.” here’s what he sent Saturday November 20th:
Joe-
After speaking with you this morning I understand the 10-day trade starts at $500k. However, I would like you to ask FMC if they would consider $100k since I’m already a client and I intend on being a client for a long time. What I would like to do is take the original $50k from the 30-day trade plus the $25k profit from that trade and add another $25k to the account for a total $100k and put that into the 10-day trade. I understand there is a settlement period and I assume that’s for administrative type tasks (i.e. closing the trade, wiring the funds, etc); however, I’m don’t want the funds to be wired back as I want to roll them into another trade. Once the 10-day trade is complete, I would like to take the $100k and roll that into the monthly program for however long the trade intends to exist. If everything is still going smoothly, I’ll probably add another $100k, at the minimum, by mid 2011. Please check with the Trader and see if they’ll make an exception. Thanks.
Brad-
This went out Saturday October 30th:
Some have asked questions about this program. It is NOT for everyone.
There are two things that I have always encouraged investors to do since I began selling investments in 1979:
1. Never invest with money you cannot afford to lose.
2. Always take the profits until you get your original investment back
It’s amazing the FDIC paid out $58b more than it had in reserves so far in 2010.
http://www.fdic.gov/bank/historical/bank/index.html
http://www.fdic.gov/bank/failed/index.html
http://en.wikipedia.org/wiki/2008–2010_bank_failures_in_the_United_States
Here’s a program where the principal is guaranteed.
If you are interested send Proof of Funds $50,000 or more to joe@joetufo.com and call me at 925-352-6000
A client received his contract today on the Any Money Trade. He particularly liked this:
Here is the language in the contract that another client accepted today:
Term of Joint Venture
7 The term of this joint venture shall commence on execution of this Agreement and continue until all payments to be paid to this joint venture per the terms and conditions of the aforementioned distribution have been paid. DEPOSITOR(S) principle is guaranteed from loss.
Is that strong enough language?
The $500,000+ trade will go fast. The subscription cut-off date is Thursday December 2, 2010 at the close of business.
We need a CIS, a copy of your passport and Proof of Funds not more than three business days old.
The $500k+ bullets appear monthly. This is a 10-Day Trade Holiday Special. It will begin trading Monday December 6th , trade 10 days, and settle by December 21,2010. Not a bad Christmas present?
If you have $500,000+ that you can place into trade this will be an introduction to this Trader.
Bullet Trade $500,000 Minimum 35% Return 10 Days Principal and Interest Return
Place $500,000 and receive $175,000 for a total of $675,000 in just 10 days.
Place $1,000,000 and receive $350,000 for a total of $1,350,000 in just 10 days.
Place $2,000,000 and receive $700,000 for a total of $2,700,000 in just 10 days.
Place $4,000,000 and receive $1,400,000 for a total of $5,400,000 in just 10 days.
Place $6,000,000 and receive $2,100,000 for a total of $8,100,000 in just 10 days.
Place $8,000,000 and receive $2,800,000 for a total of $10,800,000 in just 10 days.
Place $10,000,000 and receive $3,500,000 for a total of $13,500,000 in just 10 days.
The smallest anyone has applied for was $50,000 and the largest $30,000,000
The next 30-Day Bullet Trade will begin January 3, 2011:
Bullet Trade $500,000 Minimum 50% Return 30 Days Principal and Interest Return. (Trade Size $500,000 to $4,999,999)
Place $500,000 and receive $250,000 for a total of $750,000 in just 30 days
Place $1,000,000 and receive $500,000 for a total of $1,500,000 in just 30 days.
Place $2,000,000 and receive $1,000,000 for a total of $3,000,000 in just 30 days.
Place $3,000,000 and receive $1,500,000 for a total of $4,500,000 in just 30 days.
Place $4,000,000 and receive $2,000,000 for a total of $6,000,000 in just 30 days.
Bullet Trade $5,000,000 Minimum 100% Return 30 Days Principal and Interest Return (Trade Size $5,000,000 to $9,999,999)
Place $5,000,000 and receive $5,0000,000 for a total of $10,000,000 in just 30 days.
Place $9,000,000 and receive $9,000,000 for a total of $18,000,000 in just 30 days.
Bullet Trade $10,000,000 Minimum 150% Return 30 Days Principal and Interest Return (Trade Size $10,000,000 to $19,999,999)
Place $10,000,000 and receive $15,000,000 for a total of $25,000,000 in just 30 days.
Place $19,000,000 and receive $9,500,000 for a total of $28,500,000 in just 30 days.
Bullet Trade $20,000,000 Minimum 200% Return 30 Days Principal and Interest Return (Trade Size $20,000,000 to $99,999,999)
Place $20,000,000 and receive $40,000,000 for a total of $60,000,000 in just 30 days.
This came in Friday November 12, 2010:
Dear Joe, Pursuant to our conversation earlier today, this letter will serve to certify that the losses I suffered while a client of Logical Powered Capital & Commodities (LPCC ) was $109,067 .43. I placed $150,000 with LPCC on August 25,2010. By September 20 copy of my statement for the period September1, 2010 through September 17, 2010 as well as the account closing document provided to Deutsche Bank following the termination of the relation between LPCC and Deutsche. The offer to attempt to recoup the losses suffered by the clients of LPCC is extremely generous and greatly appreciated. the the account balance was $40,932.57. Attached , please find a , r;’RLL-
Garry Hesselbacher
Garry is now in the 30-day bullet trade that closed recently.
———- Forwarded message ———-
From: Irina Stanislav
Date: Wed, Nov 24, 2010 at 5:47 PM
Subject: Re: BofA
To: joe@joetufo.com
Thank you. I just had a good conversation WITH my friend a Bank Manager at My bank and it is funny this is exactely what she told me
Thank you and have Happy Thanksgiving
On Nov 24, 2010 5:30 PM, “Joe Tufo” <jptufo@gmail.com> wrote:
> This came in from my friend Greg today:
>
> No one can do anything with BOA
>
> The best thing you can do for her is to tell her to open an account at
> another bank –WF/CITI/DB
>
> She should get her funds out of that bank and into another. If the $ keeps
> on going the way it is and the G4’s keep it up. BOA will keep her $.
>
> How can she have that much money and not be aware of the banking world?
>
> BOA is owned by the CIA- she will lose her $-PERIOD
This is from a different Trade Group:
Here areclients approved for a trade with one that doesn’t speak good English:
| BOTH CLIENTS HAVE BEEN APPROVED AND BOTH BANKS ARE CLEARED, HOW CAN WE DO A CALL WITH LILA AS HER ENGLISH IS POOR ?
CHRIS |
MT 760 Bank Instruments
The SWIFT MT 760 format is a viable option – one utilized frequently in a wide range of financial transactions, not simply private placement programs. Nature of SWIFT A SWIFT MT 760 is a bank-responsible guarantee issued by the sender bank, upon instructions of its account holder, in favor of a particular transaction or counter-party. Since banks never put their own money at risk, the clients funds are “blocked” by the bank, and held by the bank as security (collateral) for the issuance of the SWIFT.
MT799 is a simple text message, sent bank to bank. This is used for a bank to bank proof of funds, only. The MT799 is not a form of payment and it is not a bank undertaking or promise to pay. It is simply a bank to bank confirmation of the funds on deposit, nothing more.
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All who place $100,000 or more will be visited by me within six months of doing business. All who place $1,000,000 or more will be visited by me within one month of doing business.
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If you are looking for ideas on how to self-liquidate or self-fund Jim P’s program above or the new program work well. .
It’s possible to self-fund with as little as 10% to 15% of your project value and raise the money in two years.
A gentleman contacted me from Niagra Falls NY today. He’s building a $10m Radisson Hotel. He owns the land outright valued at $2m but has only $100k in cash.
I suggested a hard money loan on the property would net approx. $350k. If he placed that in the new one-year compound program it will yield approx. $1,750,000 after one year, returning $2,100,000 with the original investment. He can take $100k of the gain, place $2,000,000 in a one-year compound program and yield approx. $10,000,000 returning $12,000,000, more than enough to pay off the loan on the land, the new hotel, and have money to start on a whole chain of hotels.
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This is shocking!
This is a prospective client that chose to do business elsewhere:
I had a long talk with Garen tonight. Garen was compliance and client manager. Garen is a nice young 30-year old eager to start his own hedge fund.
Garen was first introduced to Kyle in February 2010 and began working with him in April 2010. He left Kyle September 24, 2010 when Deutsche bank terminated Kyle’s Company trading agreement http://www.logicpoweredcap.com/
Kyle refuses to accept responsibility for what occurred. Kyle was the Trader. Apparently he had little to no client contact and delegated that to Garen. Garen’s opinion was that Kyle was reckless. Kyle lost millions through trading losses.
Incidentally, Garen was on a scheduled vacation to the Dominican Republic not the Cayman Islands. Kyle is on vacation in Japan and is due to return November 2nd.
It’s clear that the trading did not work out to Elmer’s benefit. It’s also clear that neither you nor Elmer understood what the trading system was that Elmer signed on for.
Dale and I wrote a book on FOREX visit www.thebasicsofforex.com
According to Garen, Elmer signed several documents that clearly stated that it was a HIGH RISK investment. Elmer also signed a Limited Power of Attorney that clearly stated the clients responsibility to monitor the account and to conduct proper due diligence.
Elmer placed $750,000 July 8, 2010 44 days after speaking with me. He sustained a loss of $444 on the first trading day July 12th. Elmer had 24/7 access to his account and apparently did not monitor the account at all because he would have seen an alarming erosion of capital from $750,000.00 July 8th to $150,325.52 September 24th.
Instead of a gain of the indicated 30% a month Elmer managed to lose $599,674.48 or 79.96% of his principal in only 78 calendar days. Conversely he would have earned $390,000 pro-rata with Jim P., a huge difference wouldn’t you say?
My advice stands. Close the account with Deutsche and wire the money back to the originating bank.
Place a portion of the money ($100,000 or more) with Jim P and yield 15% a month and withdraw the 15% monthly gain to prove the program works and place $500,000 in a couple of 30-day bullets to generate the $600,000 that you lost with Kyle.
Save your money on hiring the attorney.
I invested the past four hours on your behalf, a value of $4,000.00 based on my normal fee: http://www.joetufo.com/consultingx so that I could better understand what transpired.
I sincerely hope that you will honor me by remunerating me for my time and that you place funds with me now.
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.This came in Friday November 5th:
Joe, thanks for the information. I appreciate the introduction to Jim along with the CIS. Based on our conversation Chris and I feel comfortable with Jim’s offering.
We have not received POF yet therefore I will complete the CIS when we receive it.
I look forward to speaking to you soon.
Jeff
Jeff placed money in the last 30-day trade and will settle before Christmas 2010.
This came in Wednesday November 10, 2010:
Hello Joe,
I want you to know how much I appreciate your time and the guidance you’ve so willingly shared. That you have offered it so graciously and willingly (and free) is not to say that it is somehow worth less. It certainly is not. On the contrary, it gives me a much greater appreciation of what you do and the value of your service. I am looking forward to when we can spend some face to face time together and actually pay you for your time. We have had a series of financial setbacks this past two years but we will pull out of it – our faith is strong.
I know that, like us, your intentions are more noble than the act(s) of simply generating a profit for profit’s sake and so I look forward to working together on great things and realizing the real inherent “profit” that this relationship will generate.
Thanks again for all you do.
All the best,
Marty
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This came in Wednesday, November 10, 2010:
Joe,
The Three programs are as follows:
Option 1a. $50,000 minimum from 90 days to a 5 year or best efforts contract.
A return of 15% paid monthly directly to your bank account.
Option 1b. $500,000. or more will return 20% paid monthly directly to your bank account.
Principal monies will be returned at the end of your chosen contract.
Option II $100,000. or more compounded for 1 year will bring a return of 500% at the end of the 1 year contract plus return of initial principal.
Option III 30 day Bullet Trades
500K Minimum 50% return-30 days
5M Minimum 100% return-30 days
10M Minimum 150% return-30 days
20M and up 200% return-30 days
Special Bullet trades from time to time. Any money amount. 50% return-30 days
100m PPP- case by case basis
Regards
Jim
This is an excerpt from an article that I posted November 20, 2010:
http://workingcapitalfast.com/bank-instrument-monetization
It was good to talk to you yesterday also. Hopefully Anthony and his associate will send me the instrument I requested and explained and I then my lender will have no problem I hope as I can never guarantee will be able to monetize it. I do not for see a problem as long as they follow what I have said.
As far as what these lenders do, the can monetize an instrument, BG, MTN, CD, SBLC, T Bills and Bonds on a 90 day, non-recourse loan that is forgiven after 90 days after receipt of the first loan payment. The smallest instrument that is not a T or BG that they will monetize is 100 Mil USD. T’s and BG’s they usually will not touch if it is under 500 Mil USD. All instruments must be cash backed. That is their basic business. I do have a lender who will monetize LTN’s, CMO and Bonds backed by Viaticals, however this is a longer process and I can not give you an idea of a LTV as the trustees must see a screen shot for their determination.
The process is very simple. To get a LTV and monetization schedule, the lender will need to see a screen shot, Title page and an account statement. Once I have these 3 items, I will get the LTV and monetizing schedule. If the instrument owner agrees and the instrument is either on DTC or Euro clear, the lender will do a Screen/Block /Pay. If the instrument is in one of the banks the lender has a security account in then the instrument can be sent ledger to ledger. Once in a while, depending on the instrument, the lender may be able to accept a MT760, however if they do, then they payout schedule will be longer as the MT 760 takes 3-4 days to post and clear. 90 days after the client receives the first of his ionization payments, the client can either roll the instrument over and do this again or he can have his instrument sent back or the Block released.
I have attached a sanitized contract for your review. This contract discusses Free Delivery DTC/Euro clear, however it is extremely rare that this is accepted any longer as we discussed. But the balance of the contract is the same.
As an idea of the LTV MTN’s are usually about a 95% gross/85% net. T’s are the same and can be higher. The lender accepts instrument from the Top 25 Western European Banks, some Canadian banks, the major US banks and at time some Asian banks, but only if they can issue a Screen/Block/Pay.
Also, it is very important that the instrument not be in the Euro clear interbank screen. The lender can not do the Screen/Block/Pay. The instrument must be on the public screen or the client needs to move it to the public screen prior to a contract being issued.
Please understand that when the lender issues a contract, they have put into place whatever they need to do to not only make sure they pay according to the Monetization schedule, they also put into place what they need to do to make sure that the will make sure the instrument is free and clear to be returned in 90 days. SO before a contract is issued or before I request a contract I need to feel confident that the clients going to do as promised.
As for leased instrument, that can be a difficult one. There are 2 options:
1. The actual owner has to sign the contract and supply the banking information for the screen/block/pay or to issue the ledger to ledger transfer and then in the contract the owner designate where/to whose account the loan is sent to.
2. The owner has to give the lender a Board Resolution and the proper paperwork that allows the Beneficiary owner to have the right to work directly with the banker and issue the access codes required or to instruct the bank officer to send the instrument ledger to ledger.
Best Wishes,
Ronnie
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