[Karen37a]

Regardless of a commission claw back or not.... If any large sums of money passed through your firm on a regular basis from them, you are likely gonna get a phone call.

this is true...you can get a call

[WestCoastFunding]

Can’t wait until we find out this was all funded by a Florida pain clinic. That’s the angle that’s missing.

[Karen37a]

A call perhaps? you think they now asking the ISO all kinds of questions regarding all the other transactions Not related to this specific company ?

Marcus

They are going to take anyone down with them they can

like Jordan the rat

Thank God I never sent a deal to them....geezus

[Sean Cash]

How is it possible that the RTR is $238 million and the capital raised is close to $300? Are they excluding bad debt? The RTR should at least be $400 million..

RTR outstanding is $276 mil. The 238 is after adjusting for a percentage that will likely become uncollectible. Don't confuse the amount raised with the amount of RTR OUTSTANDING.

[Karen37a]

can’t wait until we find out this was all funded by a florida pain clinic. That’s the angle that’s missing.

lool

[Jess]

How is it possible that the RTR is $238 million and the capital raised is close to $300? Are they excluding bad debt? The RTR should at least be $400 million..

They used the money raised from syndication to pay rent.

[Karen37a]

They used the money raised from syndication to pay rent.

and w/2 salaries and operations

[WestCoastFunding]

he said him and other ISO's were discussing and a little concerned ..i told him i'm no lawyer...

Cont...: i told him I’m no lawyer, but if you have a trucking or construction file...

[Kevin Henry-Seacoast]

A call perhaps? you think they now asking the ISO all kinds of questions regarding all the other transactions Not related to this specific company ?

Yes!

[Sean Cash]

and w/2 salaries and operations

And $15 million was transferred to this company: Bright Smile Financing
http://brightsmilefinancing.com/

[WestCoastFunding]

And $15 million was transferred to this company: Bright Smile Financing
http://brightsmilefinancing.com/

What the hell is going on?

[Karen37a]

And $15 million was transferred to this company: Bright Smile Financing
http://brightsmilefinancing.com/

geez are you joking?

[Sean Cash]

geez are you joking?

No. 1st Global's bank already submitted an affidavit saying that 1st Global moved $15 mil to that account, which was also owned by the same person that owned 1st Global.

[WestCoastFunding]

When money raised is used for operations, and possibly even to payback other investors, I’d be worried about my commissions is I’m an ISO.

[Karen37a]

No. 1st Global's bank already submitted an affidavit saying that 1st Global moved $15 mil to that account, which was also owned by the same person that owned 1st Global.

They can now be charged with RICO

Add more regulators into the mix...have insurance guys coming for you

[WestCoastFunding]

Also, there’s gotta be cocaine involved. There’s always some sort of coke habit involved with these things.

[MidnightAdvance]

RTR outstanding is $283 mil. The 238 is after adjusting for a percentage that will likely become uncollectible. Don't confuse the amount raised with the amount of RTR OUTSTANDING.

Well I am confused. What are these numbers in plain English, how much "Healthy" or "Late but active" RTR do they have on the streets?

Say they raised $285 Million and average deal is 1.30 (A paper) you're looking at: $370 million minimum.. so in order to adjust it for $238 million they must have a 40% default rate..!

[Karen37a]

Also, there’s gotta be cocaine involved. There’s always some sort of coke habit involved with these things.

LOL

And strippers

[HDF]

When money raised is used for operations, and possibly even to payback other investors, I’d be worried about my commissions is I’m an ISO.

Yes, and right or wrong they will refer to ISOs as thousands of unregistered and unlicensed brokers across the country..

Jared, get to work!

[Karen37a]

Yes, and right or wrong they will refer to ISOs as thousands of unregistered and unlicensed brokers across the country..

Jared, get to work!

NO they will not ...that was a FUNDER

who knows if some of the stupid newbie brokers even knew it was illegal

[Karen37a]

Yes, and right or wrong they will refer to ISOs as thousands of unregistered and unlicensed brokers across the country..

Jared, get to work!

Hdf if you want to pull out all the con games some Funders have pulled...then have at it


MASSIVE lawsuits

get over it already

[WestCoastFunding]

Well I am confused. What are these numbers in plain English, how much "Healthy" or "Late but active" RTR do they have on the streets?

Say they raised $285 Million and average deal is 1.30 (A paper) you're looking at: $370 million minimum.. so in order to adjust it for $238 million they must have a 40% default rate..!

Now that word is out that about 1st Global, I would expect the default rate to skyrocket. Many that don’t default will negotiate reduced payments.

[Jess]

Well I am confused. What are these numbers in plain English, how much "Healthy" or "Late but active" RTR do they have on the streets?

Say they raised $285 Million and average deal is 1.30 (A paper) you're looking at: $370 million minimum.. so in order to adjust it for $238 million they must have a 40% default rate..!

They raised $300 million and used a portion to pay operating expenses so they did not invest the entire $300 million in deals.

[Karen37a]

They raised $300 million and used a portion to pay operating expenses so they did not invest the entire $300 million in deals.

massive amount to operations aka w/2 salaries

[Nunya]

They raised $300 million and used a portion to pay operating expenses so they did not invest the entire $300 million in deals.

This.