Scapes gave a lot more details on JAN 28 where thi
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Posted On: 01/30/2020 10:04:09 PM
Scapes gave a lot more details on JAN 28 where things stand >
I have some opinions about the information you presented earlier today, hope it helps clear up any confusion (responses are in red below):
Thanks Scapes, but what is still unclear to me, and I assume others as well, is what exactly he needs to activate the fund and if he doesn't need much, why is it taking so long?
$550,000 was what he needed a few weeks ago. He received $100,000 last week so he was short $450,000. He will receive this and more in a few days.
For weeks/months now, he has said he was waiting for his "partners" to come through so the fund could be activated.
As you mentioned below, “There are two partners in Vietnam that owe us $6.5 million but have been late in their payment”. This is why it was taking so long; these guys wouldn’t pay up. They promised many times but never delivered. They’ve been temporarily replaced by as you said below…” a new partner that has committed $2 million”. This should be received in a few days.
Now, he says he is waiting for partners to deliver on a few million in funds that are for, "FUND COMPARTMENTS THAT ARE FOR THEIR RESPECTIVE BUSINESSES, but not the REALLY BIG AMOUNTS YET."
I believe this is in reference to, “There are two partners in Vietnam that owe us $6.5 million but have been late in their payment”.
How much is needed to activate the Mother Holding Company, and why doesn't he have this yet?
$550,000 was what he needed a few weeks ago. He received $100,000 last week so he was short $450,000. He will receive this and more in a few days.
For context, I asked Henry: "Just so I am clear, if the money is going to be received next week from the Asian partners, will you still need it from investors like me?
The money from the new partner will be enough to activate the fund, pay for the audit, clean up financials, and begin buyback. The money from investors would’ve been used for these activities but now since the new partner covered them, the money from investors will be used to buy back shares.
Forgive me for being confused, but it sounds like the funds you will get next week are going to be enough to get the fund(s) activated, and if I am reading the information correctly, the funds are worth hundreds of millions, so why do you need small amounts, compared to hundreds of millions, from outside investors?
Originally, he requested money from investors because he didn’t have the new partner lined up at that time and wasn’t sure where the $450,000 was going to come from; he asked for cash from everyone he came in contact with to try and raise the funds. Now that the new partner is on board, he “technically” doesn’t need the money to activate the Fund, complete the audit, etc… but if he can still find willing investors, he’ll use the money he gets to buy back shares.
Sorry if I’m missing it, but before I can commit to a six figure investment, I’d like to understand what is happening."
Hope some of this clear’s things up, if you can, throw down the six-figure investment, you’ll be well rewarded for it. Today alone if you had $100K invested you would’ve doubled your money and every penny it jumps you’d make $10 million bucks. Very good ROI.
If you can clarify these answers from Henry, on 1-27, it would be appreciated:
"There are two partners in Vietnam that owe us $6.5 million but have been late in their payment, plus a new partner that is committed to $2 million. We anticipate receiving portions of these amounts after the Lunar New Year Holidays. However, at the moment we need some money for working capital in connection with the funds and getting the Company’s filings current."
He’s going to continue asking for cash from anyone he can until the $2,000,000 clears. Technically until the money is in hand, he still needs it.
It depends on how much you can do and how soon you can do it, and sooner the better. We expect to receive money from our Asian partners when they get back to work next week after their Lunar New Year holidays."
Soon after the deposits and transfers clear from the new partner, he’ll most likely rescind the special Convertible Note offers to investors. Keep in mind, he’s still banking on the 2 partners in Vietnam who owe him $6.5 million to pay up soon. These guys have been promising to wire money for months now but have yet to deliver on their promises. They’ve simply been stringing Henry along, who in turn has been stringing us shareholders along; until finally a new partner came on board delivering the much-needed cash. These guys will eventually make good and will pay down the outstanding $6.5 million they owe over the next few months and the money he receives from these partners will be used to buy back shares.
The money we will be receiving from the Asian partners is for their contribution towards organizing fund compartments that have to do with their respective business, not the really big amounts yet."
Asia is a big place and as I understand this statement the Asian partners in the beginning of the sentence are the same folks who owe him $6.5 million but the 2nd part about the “really big amounts yet.” Is in reference to the Asian and Middle East folks who are looking to invest $600,000 - $ 1 billion+ in year 1, along with the other major investors from around the world looking to come on board once the Fund is launched. That’s why, once you pool all these other major investors together, he anticipates the Fund will reach several billions of dollars over the next several years.
I anticipate this will all be made more clear over the next few days when the explanations come direct from the source himself rather than an investor and his opinions.
I have some opinions about the information you presented earlier today, hope it helps clear up any confusion (responses are in red below):
Thanks Scapes, but what is still unclear to me, and I assume others as well, is what exactly he needs to activate the fund and if he doesn't need much, why is it taking so long?
$550,000 was what he needed a few weeks ago. He received $100,000 last week so he was short $450,000. He will receive this and more in a few days.
For weeks/months now, he has said he was waiting for his "partners" to come through so the fund could be activated.
As you mentioned below, “There are two partners in Vietnam that owe us $6.5 million but have been late in their payment”. This is why it was taking so long; these guys wouldn’t pay up. They promised many times but never delivered. They’ve been temporarily replaced by as you said below…” a new partner that has committed $2 million”. This should be received in a few days.
Now, he says he is waiting for partners to deliver on a few million in funds that are for, "FUND COMPARTMENTS THAT ARE FOR THEIR RESPECTIVE BUSINESSES, but not the REALLY BIG AMOUNTS YET."
I believe this is in reference to, “There are two partners in Vietnam that owe us $6.5 million but have been late in their payment”.
How much is needed to activate the Mother Holding Company, and why doesn't he have this yet?
$550,000 was what he needed a few weeks ago. He received $100,000 last week so he was short $450,000. He will receive this and more in a few days.
For context, I asked Henry: "Just so I am clear, if the money is going to be received next week from the Asian partners, will you still need it from investors like me?
The money from the new partner will be enough to activate the fund, pay for the audit, clean up financials, and begin buyback. The money from investors would’ve been used for these activities but now since the new partner covered them, the money from investors will be used to buy back shares.
Forgive me for being confused, but it sounds like the funds you will get next week are going to be enough to get the fund(s) activated, and if I am reading the information correctly, the funds are worth hundreds of millions, so why do you need small amounts, compared to hundreds of millions, from outside investors?
Originally, he requested money from investors because he didn’t have the new partner lined up at that time and wasn’t sure where the $450,000 was going to come from; he asked for cash from everyone he came in contact with to try and raise the funds. Now that the new partner is on board, he “technically” doesn’t need the money to activate the Fund, complete the audit, etc… but if he can still find willing investors, he’ll use the money he gets to buy back shares.
Sorry if I’m missing it, but before I can commit to a six figure investment, I’d like to understand what is happening."
Hope some of this clear’s things up, if you can, throw down the six-figure investment, you’ll be well rewarded for it. Today alone if you had $100K invested you would’ve doubled your money and every penny it jumps you’d make $10 million bucks. Very good ROI.
If you can clarify these answers from Henry, on 1-27, it would be appreciated:
"There are two partners in Vietnam that owe us $6.5 million but have been late in their payment, plus a new partner that is committed to $2 million. We anticipate receiving portions of these amounts after the Lunar New Year Holidays. However, at the moment we need some money for working capital in connection with the funds and getting the Company’s filings current."
He’s going to continue asking for cash from anyone he can until the $2,000,000 clears. Technically until the money is in hand, he still needs it.
It depends on how much you can do and how soon you can do it, and sooner the better. We expect to receive money from our Asian partners when they get back to work next week after their Lunar New Year holidays."
Soon after the deposits and transfers clear from the new partner, he’ll most likely rescind the special Convertible Note offers to investors. Keep in mind, he’s still banking on the 2 partners in Vietnam who owe him $6.5 million to pay up soon. These guys have been promising to wire money for months now but have yet to deliver on their promises. They’ve simply been stringing Henry along, who in turn has been stringing us shareholders along; until finally a new partner came on board delivering the much-needed cash. These guys will eventually make good and will pay down the outstanding $6.5 million they owe over the next few months and the money he receives from these partners will be used to buy back shares.
The money we will be receiving from the Asian partners is for their contribution towards organizing fund compartments that have to do with their respective business, not the really big amounts yet."
Asia is a big place and as I understand this statement the Asian partners in the beginning of the sentence are the same folks who owe him $6.5 million but the 2nd part about the “really big amounts yet.” Is in reference to the Asian and Middle East folks who are looking to invest $600,000 - $ 1 billion+ in year 1, along with the other major investors from around the world looking to come on board once the Fund is launched. That’s why, once you pool all these other major investors together, he anticipates the Fund will reach several billions of dollars over the next several years.
I anticipate this will all be made more clear over the next few days when the explanations come direct from the source himself rather than an investor and his opinions.
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