Great Post Rico once the first fund acquisition is announced it will be a snowball effect the goal that Peter has is below so I would expect the company to be at around a 500 million of funds under management by the end of this year.
Peter Smith, CEO of Global Equity International Inc., said: "We have waited a long time to be able to announce this closing. It is a monumental development in our Company not only allowing us to complete the circle from client to contract to funding to closing, it will also provide us with solid long term income, a distribution network, further development potential and a strong foothold in more than one highly regulated market. It may have been a long time coming, but this agreement moves the company into a different sphere. We will now become more attractive to potential clients for our capital markets division and allow us to be more selective with the clients we work with, while significantly shortening the time frame from contract to completion. In addition, we will have long term income from the books of business we will own and a distribution force not only for their traditional financial services opportunities that are profitable in their own right, but also for our capital markets division. We anticipate growing the advisory business very much in the way I did in my previous company whereby my prior company ended up with US$2.2 Billion of funds under management."
Enzo Taddei, CFO of Global Equity International Inc., said: "The business to date has suffered from the time lapse in generating a client and completing on that transaction. It has long been our desire to try to circumvent that time lapse by turning the Company into an 'all service' financial institution. The terms that we agreed for this round of capital funding are extremely favourable for the Company and its shareholders. William Marshal Plc. will be obliged to convert to equity no earlier than one year and one-day post funding. The amount funded will be converted at the 'higher' of $0.02 per share or the average "closing price" of our common stock on the Over-the-Counter Bulletin Board for the 60 trading days prior to 366th day conversion date, meaning that if our stock is trading at an average price higher than $0.02, the conversion price will be established at that higher price; hence keeping dilution of our Common Stock to a minimum."
Peter Smith, CEO of Global Equity International Inc., said: "We have waited a long time to be able to announce this closing. It is a monumental development in our Company not only allowing us to complete the circle from client to contract to funding to closing, it will also provide us with solid long term income, a distribution network, further development potential and a strong foothold in more than one highly regulated market. It may have been a long time coming, but this agreement moves the company into a different sphere. We will now become more attractive to potential clients for our capital markets division and allow us to be more selective with the clients we work with, while significantly shortening the time frame from contract to completion. In addition, we will have long term income from the books of business we will own and a distribution force not only for their traditional financial services opportunities that are profitable in their own right, but also for our capital markets division. We anticipate growing the advisory business very much in the way I did in my previous company whereby my prior company ended up with US$2.2 Billion of funds under management."
Enzo Taddei, CFO of Global Equity International Inc., said: "The business to date has suffered from the time lapse in generating a client and completing on that transaction. It has long been our desire to try to circumvent that time lapse by turning the Company into an 'all service' financial institution. The terms that we agreed for this round of capital funding are extremely favourable for the Company and its shareholders. William Marshal Plc. will be obliged to convert to equity no earlier than one year and one-day post funding. The amount funded will be converted at the 'higher' of $0.02 per share or the average "closing price" of our common stock on the Over-the-Counter Bulletin Board for the 60 trading days prior to 366th day conversion date, meaning that if our stock is trading at an average price higher than $0.02, the conversion price will be established at that higher price; hence keeping dilution of our Common Stock to a minimum."
