Here we go again. I have been apprised of a buyer who is offering 3 million for a Liberty 10000 bond. The deal is to go attorney to attorney - no other way. I hope she doesn't find it before I get a bite from a real seller. Just email me at pronetoviolins at g mail dot com IF you have it. OR if you know someone who has it. I know the offer is "low" but it's real. It is far better than being offered 100 million when the "buyer" is nonexistent. As the man says, anyone can say it. Who can actually do it?
Thursday, April 24, 2014
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.
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.
Saturday, January 4, 2014
Green Energy
The
complete list of faltering or bankrupt green-energy companies (shows tax
dollars), as of October, 2013:
Evergreen Solar ($25 million)*, SpectraWatt
($500,000)*, Solyndra ($535 million)*, Beacon Power ($43 million)*, Nevada
Geothermal ($98.5 million), SunPower ($1.2 billion), First Solar ($1.46
billion), Babcock and Brown ($178 million), EnerDel’s subsidiary Ener1 ($118.5
million)*, Amonix ($5.9 million), Fisker Automotive ($529 million), Abound
Solar ($400 million)*, A123 Systems ($279 million)*, Willard and Kelsey Solar
Group ($700,981)*, Johnson Controls ($299 million), Brightsource ($1.6 billion),
ECOtality ($126.2 million), Raser Technologies ($33 million)*, Energy
Conversion Devices ($13.3 million)* Mountain Plaza, Inc. ($2 million)*, Olsen’s
Crop Service and Olsen’s Mills Acquisition Company ($10 million)*, Range Fuels
($80 million)*, Thompson River Power ($6.5 million)*, Stirling Energy Systems
($7 million)*, Azure Dynamics ($5.4 million)*, GreenVolts ($500,000), Vestas
($50 million), LG Chem’s subsidiary Compact Power ($151 million), Nordic
Windpower ($16 million)*, Navistar ($39 million), Satcon ($3 million)*, Konarka
Technologies Inc. ($20 million)*, Mascoma Corp. ($100 million).
*Denotes
companies that have filed for bankruptcy. The amount also does not include
other state, local, and federal tax credits and subsidies, which push the
amount of money these companies have received from taxpayers even higher. So, what can we learn from these numbers?
Labels:
business,
deficits,
Economics,
energy,
environment,
finance,
government,
green energy
Wednesday, January 1, 2014
Vienna Philharmonic
I almost always catch the New Year's day concert by the Vienna Philharmonic but not today - Daniel Barenboim is conducting and I simply don't like Barenboim.
Thursday, December 26, 2013
Putin Interview
I have been thinking of sending our Timid Reporter out to see if he can find Vladimir Putin and pin him down for a short interview. (Perhaps I shouldn't say "short interview" because they are ALL short interviews.) If not Putin, then maybe the new pope - Felipe. Bill Gates might also be interesting. I have a feeling that Gates has a sly sense of humor so he might be a good choice. Anyway, it's all moot if I can't locate our guy. For all I know, he might be out in Tibet taking it easy - pretty much out of reach. I really shouldn't say "taking it easy" because he ALWAYS takes it easy.
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.
Saturday, October 19, 2013
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.
Subscribe to:
Posts (Atom)