Petchili bonds

About three years ago, a craze in Mexican historical bonds took off. Owners of these old (junk) bonds became super anxious to unload their bonds because they were led to believe that (non-existent) bond "buyers" would pay millions for them. The truth was that crooked Swiss bankers (swindlers) simply wanted to collect the items to use as collateral for short term loans. The real beneficiaries (besides the crooked Swiss bankers) were the loan applicants and the people in charge of collecting all relevant data from the bond owners. The bond owners would innocently sign over ownership of their bonds to the middlemen in exchange for IOUs. Of course, escape clauses in these contracts enabled the swindlers to legally perpetrate their swindles. Bond owners almost never got paid and, when they did, they collected pennies on the dollar. Many investors actually purchased bonds for thousands of dollars thinking they could flip them for millions. I posted a small article about a Petchili bond seller I knew (in this very blog) and it got 4273 views in one day. Such was the anxiety. 

Mexican bond brokers

If you're in the historical bond business, you know full well that deals are hard to come by, especially when you want to sell a high-end bond. I have come to know more than fifty brokers, perhaps five real sellers, and just two real buyers. When I say "real," I mean someone with capacity to close a deal. It's one thing to have a lot of enthusiasm for the transaction and something else to have the capacity to do it. The real buyers I know - one in the Western U.S. and the other in New York - don't just talk, they negotiate and close. Buyers from Europe are non-existent as far as I know. Beware of brokers who try to sell your bonds in Europe. If they do, you'll get pennies for them. Beware of brokers who ask for complete packages. That's a sign someone will use your bonds for collateral for a bridge loan while you sit there waiting to be paid. It's definitely best to do these deals attorney-to-attorney or bank-to-bank. As far as brokers go, I would say they are all very hopeful - some are outright dishonest - some are misinformed - but very, very few are well-connected. A word to the wise. 

Liberty bond 10000

The popular bond of the moment seems to be the Liberty 10000. Bond buyers are paying really good money for it. A close friend recently made an offer on one (which I located for him) but was rebuffed. His seven figure offer was just too low. When you get to discussing more than seven figures for one of these (or any other) bonds, one of the problems is that buyers and sellers get quite intransigent. Of course, that's no way to make deals. If you want to sell, shove your ego to one side, even if you don't need the money. If you are a buyer, be careful of anyone offering a Liberty 10000 because they are more rare than a Stradivarius violin. You are under no obligation, of course, but you may contact me at pronetoviolins at gmail dotcom if you have a bond and are seeking a real buyer. We DO NOT deal in packages - only face-to-face transactions. Those are the best deals and the only ones that work. Have a great day. 

Petchili bonds

We got very close to selling 20 Petchili bonds last month - so close that we almost started thinking about how we would spend the substantial commissions. Well, as usual, the deal didn't happen because the buyers were in one place and the sellers were in another and the two could never agree to trust each other enough to meet halfway. On the other hand, so many sellers have gone to Zurich to sell their bonds for millions and even billions - with contracts in hand and bank invitations as well - then they have been let down BIG TIME. Who would want to go through that again? I know one seller who has had his packages with a strong and well-connected broker for two months and NOTHING has happened and, by all indications, NOTHING will happen. He is now to the point that if someone shows up with 70 thousand in cash, he will sell, even though he has been promised 50 million per bond. A bird in the hand is better than two in the bush, as they say. 

Ignore This Post

I'm just posting so that November 2012 won't be a blank month for this blog. That's all. Ciao.

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. 

4 Head Presidential bond

We are currently engaged in a serious search for a 4 Head Presidential bond AND a 27500 Black Eagle Mexican bond. The offers are out of this world but a question regarding SOLICITATION by the buyer has arisen. This is a strictly private transaction between private parties. The solicitation issue does not come into play at all. Have a wonderful day. By the way, do let me know if you know anyone who has possession of these bonds. Thank you for your time. 

Black Eagle Bonds

There is a big market for Mexican bonds now. Black Eagles 1843 27500s are especially in high demand. Let me know if you have one. It could make you very, very rich. 

Black Eagle bonds

The trouble with the Mexican bond business is that it's full of sellers that can't sell and buyers who can't buy. The sellers don't really have the bonds they say they do and the buyers don't have the money to buy - but they pretend they do. Beware.