Wednesday, August 29, 2012

Black Eagle bond 27500

So, the much-sought-after Black Eagle, so-called 27500, Mexican bond is again in high demand. I know it's not easy to find and many who claim to own it do not. They may have paperwork which they copy over and over again but that proves nothing. The due diligence required to process such a bond includes a search of data bases which tell the whole story. It's like doing a title search on a property. Remember that. Photos alone tell only a small part of what's necessary. On the other hand, if you are a seller, be wary of any buyers who claim they can close quickly. The process usually takes more than two months. Anxious brokers say you can close in four days. I have never seen that and I never will. I know better. Most buyers may have down payment money to make purchases but they often have to borrow the capital needed to actually close. Or, they may need to set up joint ventures to secure the money needed to close. Those things take a lot of time. In the meantime, your bond gets tied up for many weeks. Most buyers are borderline dishonest, if not outright dishonest - much worse than used car salesmen. Beware. Most brokers who have somehow found sellers have often come away discouraged with what they have encountered and still, they try to put deals together. Unless you have a great sense of humor and can absorb the absurdity of the entire bond dealing scenario with a good attitude, stay away because you will only end up frustrated and disillusioned. Enjoy whatever it is you do and count your blessings. Things could always be worse. 

Friday, August 24, 2012

Explosion in Venezuela

There may have been an explosion at a large Venezuelan refinery a few minutes ago. This may be a developing story and you won't read about it - if it's true - until tomorrow. That is all I know. 

Thursday, August 16, 2012

Irma Driggers

Some time ago, Irma Driggers asked me for a painting I had done. It was a nice painting of a violin which I was very fond of so I hesitated but, I eventually gave in and gave it to her. She was very insistent and persuasive. I think you know what I mean. However, I took a picture of it and I have posted it on the internet. It is entitled Guarnerius. If I ever become a famous painter, it might then be worth a lot of money - maybe even more than $500. Nevertheless, it is extremely unlikely that I will ever be a well-known painter.  Anyway, as far as Irma Driggers is concerned, the painting does have sentimental value. I think she still has it.