Results 26 to 50 of 89
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02-05-2015, 08:38 PM #26Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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02-05-2015, 09:02 PM #27
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02-05-2015, 10:11 PM #28
- Join Date
- Sep 2014
- Posts
- 55
No money exchanged in the acquisition and a longshot at equity that might be worth something in the distant future? Sounds like a sucker deal for the ISOs. Only way this makes sense for the ISOs is if their sales are declining and they are close to their way out. Let's face it, WBL is no Ondeck or Can Capital. Not even close, however they want to fabricate their valuation.
Last edited by Fly; 02-05-2015 at 10:15 PM.
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02-06-2015, 05:52 AM #29
- Join Date
- Feb 2015
- Posts
- 3
Thanks Zack I look forward to work with you also. Some of these negative comments on here we get to use as our motivation to get WBL to where we want it to be.
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02-06-2015, 09:48 AM #30
- Join Date
- Feb 2014
- Posts
- 23
Wait, isn't the CEO of WBL Doug Naidus? If so, then my advice is to sleep with one eye open guys, just do some searches on him, he did wonderful things before the mortgage crisis....http://www.futureofcapitalism.com/20...-deutsche-bank
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02-08-2015, 11:38 AM #31
- Join Date
- Feb 2015
- Posts
- 2
This is big, the excitement is here. Billy's team is on point. WBL synergized with MSG is the big one. Everybody better contact Billy and get in now. History in the making.
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03-19-2015, 05:25 PM #32
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
I heard Billy is no longer at WBL. If this is true, things seem to be unraveling quickly over there! ISOs acquired and the previous owners being kicked out in record speed! Can anyone confirm?
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03-19-2015, 05:52 PM #33
WBL Acquires New York City ISO!
I heard the same
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03-19-2015, 06:08 PM #34
- Join Date
- Feb 2015
- Posts
- 3
Not true Isaac .... WBL has been very helpful with the transition.... Just had a few reps not able to adjust ...we are the biggest branch here since we started and things are as good as can be
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03-19-2015, 07:02 PM #35
WBL Acquires New York City ISO!
That's awesome to hear, you know how the rumor mill is in MCA....worse than a bunch of high school girls
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03-19-2015, 08:36 PM #36
Now thats just being mean to high school girls...
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03-19-2015, 08:44 PM #37
- Join Date
- Mar 2015
- Posts
- 2
He might still be there but let me tell you what I do know for a fact. He has about 20 angry investors holding promisory notes worth about $7.6 million. On average investors got 20% of their principal. He bounced numerous checks. Hired a lawyer to negotiate a payback. Did not pay bulk of investors for 90 days. Then missed the payment date and asked for a month extension. Has not been answering calls and emails from investors.
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03-19-2015, 08:45 PM #38
My acquisition completed today as well. Excited for the coming years.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-19-2015, 10:53 PM #39
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
What did they offer you.
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03-20-2015, 08:38 AM #40
- Join Date
- Aug 2014
- Posts
- 187
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03-20-2015, 10:13 AM #41
WBL Acquires New York City ISO!
I can't offer specifics on the deal, but let me tell you, I put my life savings and my entire life into this business... I wouldn't have sold if it wasn't one hell of a deal. They are looking to acquire many, many more shops... say the word and I can arrange an introduction.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-20-2015, 10:37 AM #42
- Join Date
- Aug 2014
- Posts
- 109
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03-20-2015, 10:41 AM #43John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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03-20-2015, 10:45 AM #44
- Join Date
- Jul 2014
- Posts
- 128
WBL Acquires New York City ISO!
It's more barter than a sale. When you sell something you receive currency or money. WBL is using barter to pile together ISO shops by trading useless future stock options for the ISO shop. Try paying your mortgage with WBL stock. What's their symbol?? Oh yeah, they don't have one.
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03-20-2015, 10:49 AM #45
- Join Date
- Aug 2014
- Posts
- 109
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03-20-2015, 11:42 AM #46
Is the rush to sell your ISO simply on the promise they will go public or be acquired in 3 years and you share in that pot of gold? What do you get immediately from the sale? Rent paid? Office staff paid? Leads paid for? You mentioned you can send deals to any funder so wbl isn't funding all the business? Do they collect a large percentage of what your office produces per month? I assume they have to obtain something if they are giving you immediate financing help with office. What happens in 3 years if no sale or IPO occurs?
It's an interesting model for them to buy retail and show they have assets to investors but there seems to be a lot of variables in the deal.
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03-20-2015, 11:51 AM #47
- Join Date
- May 2014
- Posts
- 317
Last I heard you give up a % of your ISO. For this example let's say 50%. So now WBL owns 50% of your ISO and you took the value of that 50% and rolled it into their 100+ million dollar company valuation (their own valuation). the benefits they propose is that they give you in house special pricing if you send them first looks, office space if need be at their office if you're in NY already, and like that was it last I heard. Maybe something changed. I think for the right ISO's its ok, def not a deal for all of us in my opinion.
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03-20-2015, 11:51 AM #48
- Join Date
- Nov 2014
- Posts
- 266
As Zach stated he's put a lot of money and time into this business. If he went through with the offer it's because it's something he couldn't refuse. Zach doesn't seem like the type to speculate about what may happen 3 years from now and make a decision based on that. I'm sure he left the closing table with his pockets pretty full. Congrats Zach!
Last edited by cardinalequity; 03-20-2015 at 11:54 AM.
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03-20-2015, 12:17 PM #49
- Join Date
- Dec 2013
- Posts
- 4,713
I know one thing the last time WBL management put a company public it had a value of the BILLION range. there are tens of thousands of bank branch locations that see business loans...i can see WBL get a chunk of that market deal flow.. i have no idea of the structure but if they take the thing public and someone has a million shares and its trading at 20 Bucks -- Do the math!
Zach don't forget about us little people down the road..perhaps if your not going to share the wealth send Cresthill capital some B/C/D Paper to fund heheLast edited by mcaguru; 03-20-2015 at 12:24 PM.
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03-20-2015, 12:36 PM #50
- Join Date
- Jul 2014
- Posts
- 5
I see a lot of partially correct information about our ISO acquisition program on this thread. ISO owners wanting more detailed information should contact me to schedule a call. Ronald Phillips rphillips@wbl.com 212 271 8263
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