Results 51 to 75 of 121
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07-30-2018, 04:45 PM #51
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It surprises me that investors in this type of business do not protect them selves better. Even "sophisticated" investors have ended up with problems collecting.
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07-30-2018, 04:50 PM #52
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07-30-2018, 05:01 PM #53
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07-30-2018, 05:03 PM #54
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- Mar 2017
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07-30-2018, 05:08 PM #55Karen37aGuest
The fact that the sec is involved means some type of security was issued....pass thru bonds, regular bonds...CMO ... private placement...iras need custodians unless you are your own custodian which is stupid
unless someone said...hey I have a custodian...use mine...like the private REITs held at the issuer, they have they own ira custodians.
Some seemed like smart investors, its the packaging...not getting into detail on this...I have no clue
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07-30-2018, 09:00 PM #56
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- Jul 2015
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Pant ****ting time for those with the same or similar structure and offerings.
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07-30-2018, 10:16 PM #57
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- Oct 2016
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Do 1st Global merchants start seeking deals to pay off their advances at a massive discount?
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07-30-2018, 10:27 PM #58Karen37aGuest
Not really. Who knows what the hell these people did. Total world derivatives market alone has been estimated at about $791 trillion face or nominal value, 11 times the size of the entire world economy, making it the busiest in the world
There is money out there ...people being negative does not attract it to us.
Negative **** show for a few years now with someone who thinks 100 uccs over 90 days is the way to go, leading the charge...this has been one of the most embarrassing things of my life hanging around the so-called "a paper" morons who don't know how money worksLast edited by Karen37a; 07-31-2018 at 12:35 AM.
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07-30-2018, 10:29 PM #59
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- Jul 2015
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07-30-2018, 10:31 PM #60Karen37aGuest
Last edited by Karen37a; 07-31-2018 at 12:35 AM.
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07-30-2018, 10:38 PM #61
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07-30-2018, 10:40 PM #62Karen37aGuest
Last edited by Karen37a; 07-30-2018 at 10:42 PM.
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07-30-2018, 10:48 PM #63
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07-30-2018, 10:49 PM #64Karen37aGuest
People running around like the privileged class saying ...omg we are A paper blah blah..low rates cause this and when they couldn't and can't sell...force regulation..and some idiot is running around calling isos...boiler rooms. Its riduclous, the mca industry needed to not implode inwards and just hand over their future to people who will eventually raise rates
And its not MY bad experience,,,, some of you just didn't realize what the hell was happening...some still don't.
Gl ...ill still be standing...good nightLast edited by Karen37a; 07-30-2018 at 11:25 PM.
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07-30-2018, 11:19 PM #65Karen37aGuest
They would have to do an offer in compromise...no one will be able to handle that( negotiations). They need someone to step in.
Those merchants will go into collections? They sue? This is a big mess.
Someone could buy the book at a deep discount but then the brokers are going to cannibalise them
I would think that most of them are going to just not pay...unless brokers take them out of it...why buy out the debt?.
If you stack it you are in trouble,.,,need a payoff letter..not getting it ( unless someone again steps in from the industry)
Those investors are done for...Last edited by Karen37a; 07-30-2018 at 11:27 PM.
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07-31-2018, 01:40 AM #66
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- Oct 2016
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- 4,318
I noticed when Can was goiig thru their issues, merchants who had Can advances were asking for money to payoff Can because they negotiated great early payoffs. I thought it was amazing that the Can news had gotten to the merchants and the merchants were taking upon themselves to capitalize on it.
Also last year I had merchants who had advances from PowerUp saying that PowerUp was reaching out to them offering 30-40% discounts for immediate payoffs.
I do believe merchants with large balances will seek to take advantage of this. But I wonder if the creditors will proactively reaching out to merchants to try and get as much cash immediately.
Also, I wonder how well the remaining advances will perform. Will this cause even more voluntary defaults?
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07-31-2018, 07:06 AM #67Karen37aGuest
Some of the merchant cash advance brokers who have experienced were calling in ...to no avail..to finally find people.
some mca brokers/ ex-mortgage brokers negotiated the early pay off for the merchants please do not give them all the credit. Most experienced financial people have experience in Debt relief and collections/ negotiations..credit repair which involves removals of debt completly or offers in compromises...being on both sides personally
When bad things happen the isos who were attached to the merchant get dragged in to....you are responsible for placing the merchant or putting them in that situation
Not a good branding idea like that cab guy said.
.
There are big risks to the Iso as well in these transactions..if a merchant ever sues...you think they wouldn't add the isos in? and the brokers? They would name the janitor in the building on the law suit if they could .Good thing they do not have a Fiduciary Responsibility on things they have no control over like some were suggesting.
You can never cut the commissions down to almost nothing...too much risk/drama
__
If a broker or iso had fiduciary responsibility in this situation...what would happen after "if" these guys go to jail?
I am sure the investigations are going to trickle down to some isos/brokers who gave them a lot of business ...they will never be able to decipher who is in on it , who isnt.
They are probally watching us type
( just like Bernie Madoff surprised everyone with his huge ponzi scheme..brokers /isos/employees usually have no clue as to what the hell is going on)Last edited by Karen37a; 07-31-2018 at 08:09 AM.
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07-31-2018, 09:20 AM #68Karen37aGuest
Gotta love Bernie...the Ex-Chairman Ex-Board of Directors of the NASD now know as Finra... RIA with a Fiduciary Duty
He is in jail for life, buying up all the Swiss Miss Hot Chocolate from the commissary and marking it up for a profit
Doing interviews saying " The banks had to know of Fraud"
https://www.nytimes.com/2011/02/16/b...interview.html
While the world blamed brokers for the collapse
See you all in a month for real...gl
https://qz.com/885005/bernie-madoff-...at-his-prison/
Dont forget ...karen had a dui...wink *
And for 500k Ill step in for 90 daysLast edited by Karen37a; 07-31-2018 at 10:08 AM.
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07-31-2018, 10:08 AM #69
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- Apr 2013
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- 245
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07-31-2018, 10:10 AM #70Karen37aGuest
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07-31-2018, 12:24 PM #71
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- May 2017
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So around $30 million in the hole from using syndicators cash to pay operating expenses. Not the first-not the last.
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07-31-2018, 12:25 PM #72
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07-31-2018, 12:27 PM #73
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- Jun 2015
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07-31-2018, 12:29 PM #74Karen37aGuest
and if that was the "ruderman family trust" ...watch out below
im not looking anymore
as stated
The fact that the sec is involved means some type of security was issued....pass thru bonds, regular bonds...CMO ... private placement...iras need custodians unless you are your own custodian which is stupid
unless someone said...hey I have a custodian...use mine...like the private REITs held at the issuer, they have they own ira custodians.
Some seemed like smart investors, its the packaging...not getting into detail on this...I have no clue
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07-31-2018, 12:34 PM #75
- Join Date
- Mar 2015
- Location
- Boynton Beach
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- 3,499
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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