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Posted On: 08/20/2018 10:13:06 AM
Post# of 962
$RBIZ Morning SW. I did some further research on Standard Chartered && $RBIZ. We've been working with them since sept 17'(below).
CEO in Sept 17'
In just the last few months, we have added an independent board, a very experienced CFO from a multibillion dollar public company, two subsidiaries covering a wide swath of North Africa, the Middle East, and Asia; a banking relationship in Asia through Standard Chartered Bank ; and just this week a very experienced group level CFO for the UAE's subsidiary
After seeing we have the relationship already established, I think it's safe to surmise that Standard Chartered will be the banking institution we are finalizing the recently announced Letter Of Credit with (below).
In that regard, Verus is happy to announce that it has reached an agreement to supply a Dubai-based food seller with up to $1 million (USD)/month in multiple vegetable, fruit and meat categories. Initial products are expected to include mangos, onions, potatoes, eggs, mutton, beef and poultry sourced from suppliers in several countries. Financing is being finalized and will utilize a Letter of Credit (LC) and non-dilutive European and U.S. sources.
Here is a link and Screenshot of the letter credit I believe we are going to receive from Standard Chartered. Take note, this letter of credit is import/export based and falls under trade financing, which is something else the CEO has alluded too
. Of course, this is just a theory, but I think it's a real possibility.
https://www.sc.com/zm/wholesale/transaction-t...vices.html
CEO in Sept 17'
In just the last few months, we have added an independent board, a very experienced CFO from a multibillion dollar public company, two subsidiaries covering a wide swath of North Africa, the Middle East, and Asia; a banking relationship in Asia through Standard Chartered Bank ; and just this week a very experienced group level CFO for the UAE's subsidiary
After seeing we have the relationship already established, I think it's safe to surmise that Standard Chartered will be the banking institution we are finalizing the recently announced Letter Of Credit with (below).
In that regard, Verus is happy to announce that it has reached an agreement to supply a Dubai-based food seller with up to $1 million (USD)/month in multiple vegetable, fruit and meat categories. Initial products are expected to include mangos, onions, potatoes, eggs, mutton, beef and poultry sourced from suppliers in several countries. Financing is being finalized and will utilize a Letter of Credit (LC) and non-dilutive European and U.S. sources.
Here is a link and Screenshot of the letter credit I believe we are going to receive from Standard Chartered. Take note, this letter of credit is import/export based and falls under trade financing, which is something else the CEO has alluded too
. Of course, this is just a theory, but I think it's a real possibility. https://www.sc.com/zm/wholesale/transaction-t...vices.html
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