Showing posts with label bond brokers. Show all posts
Showing posts with label bond brokers. Show all posts

Tuesday, February 18, 2014

Farmer bonds

Strange as it may seem, we have two farmer bonds for sale. If you are familiar with bonds, you know these are cute little bonds but they are worth a lot - not as much as an Eagle 27500 or a Liberty 10000 but good money in any case.  You know where to find me - pronetoviolins at g mail dot com. Please do not ask for photos or KYCs or CISs or passports or Passcos or anything of the kind. If you have a buyer, just have him (or her) call our attorney. We DO NOT accept bitcoin either. 
We were talking to a "buyer" yesterday about a Liberty 10000 which we offered for 5 million. He offered 100 million and that, of course, was a huge RED FLAG. He wanted one of those "packages" which every broker asks for - those brokers who are ten people removed from the real buyers. We said no thanks. We have had a 4 head bond sitting in a vault in Zurich for a year because the buyer never showed up. We flew the bond over there personally and waited 2 weeks. The broker was full of excuses. We returned home empty-handed. The scenery was nice but that was all. Thanks and good luck to you. 

Tuesday, October 22, 2013

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.