Oh, right. So just getting the call started. Looks like Reggie is first and Jamara just joined. Reggie, how’s it going?

You’re on. If you’re speaking, you’re on mute.

Good evening everybody. I’m here. Uh, this is Reggie. I have much, I’ll just sit back and listen. I don’t have too much to say. Yeah, no worries. Good, good evening, Jamara. How’s it going? Uh, pretty good. Uh, couple of questions. So the, uh. Nicole able to call a couple of people and they were asking, um, do we, can we create like an email template that once we have initial conversation, uh, do you have something that I can utilize so I can give it to her?

Um, yeah, yep, yep. I have a few and, um. Yeah, updated the portal again. So we do have some scripts like back on the portal, but let me, let me just think. So then the context is they said, yes, that they’re interested or what, what exactly happened on the call? So she calls them and they ask, okay, that’s good. Uh, but I would like to know a little bit more details.

Uh, can you send some information? Oh, okay. So then for that one, And I’ll show you the script, but for that 1, so then they’re usually like, they’re 2 levels, right? There’s 1, there’s 1 where it’s like, high level information, right? Because the idea is. You don’t want to make you want to make sure that, um, you’re just sending high level information and you’re not making an offer or anything.

So, you have, you can have a way to just say you have high level information and then there’s another level where it’s more detailed information. So, the thing is that the detail information only comes, like, near the end of the conversation if they’re serious, and that usually comes after, like. The second or subsequent call after the second.

So long story short, you know, there was like a quick kind of like one page summary. You can even make it anonymous or sorry, not anonymous. You can redact some information from it because the problem is that sometimes the investor, there are two problems. One is that the investor can go around you and take the deal for themselves, which, which I’ve seen happen to some people, they, um, You know, they, they make, they aggressively make offers and things like that for people that are not serious.

So, so you can just have, like, a quick 1 page summary. That that removes the information that removes the details about the terms that I think that would be okay. Actually, remove the details of the terms. Okay, and for more information on discussion, and then once you do research on them, see if they’re serious, see, obviously they’re accredited and stuff, but then just to triple check it again.

Uh, then, you know, then you can send them everything that they need to move forward. Like, once you do all the due diligence. So that’s why I recommend so quick 1 pager. And I think. There are a few 1 pagers that either we have, or we can make, or we can look at look at again and then send them over. So this is one of the things that she was drafting.

Um, I, if you, uh, if you have a sample, send it to me and I can share what she was drafting. Sure. I’m going to allow screen share. Okay. One second. Uh, right.

Let me get the,

I think it’s too long, but I think already she’s send it, but I think I’m trying to get some sort of a version that trying to get into a cold. You know what I mean? Uh, that’s the plan. You’re already thinking along the right lines, in my opinion, because if you already said it’s too long, then. Probably means it is too long.

They don’t have, they don’t have time to do any reading or anything. Like they’re just in a rush all the time. Right. Right. That’s what I was saying. Like, go to the point, uh,

with your, our organization goals and values. So, yes, it was saying like, I hope this message find you well. I’d like to propose a conversation to discuss potential strategic investment opportunities that I believe align with your organization goals and objectives because we’ve done the research.

No. Okay. Um, I can’t see it, but I can hear, I can hear what you said. So, I mean, it just sounds like she used chat GPT. Like, um, it sounds a bit generic and fluffy. She probably ended up using chat GPT for that. You know, so, yeah, yeah. I don’t like it.

Yeah, no, I think it’s if I can speak freely, I think it’s rubbish. I think it’s just a bunch of, um, words that are not really saying anything.

So 1 thing I would, I mean, I will just play. I would say, um, actually, let me just look at the scripts that we already have instead of create. So let me just. Go on the portal. One second. Another question is like, uh, did the Canada change the daylight savings or you guys apply? How’s that work? Yeah. So we are on daylight savings.

Um, so my understanding is. It’s Canada and America are both daylight savings, except for what? Some states, uh, or some other countries. So I’m on daily. Are you on daylight savings? And I’m based in the rough Ottawa Toronto area ish. So, I think you in the East Coast time zone, is that right? Yeah. Eastern time zone.

Eastern time zone. Okay. Eastern time zone. Okay. Yeah. Yeah. All right. Cool. Because I saw the meeting at five o’clock. I normally join the call at six. So my natural time is like, that’s what I was looking at now. Now it’s six. What’s the time right now? Six. Oh, okay. White races shows that five o’clock. How, how, how was the time?

Like, where exactly did you get the notification about the call? Uh, whatever meeting I had, I did not change anything. Hmm.

I’m just trying to look at the calendar. No worries. I just show you. That’s what happened last week. I was like, Oh, if the calendar was, uh, was, uh, put, uh, probably use the central time or something. It will be there, right? No, because I have other meetings. I normally scheduled so I can see on time. I’m just saying what I’m seeing.

Not expert, but I’m just thinking. Yeah. Yeah. No, no worries. I’ll, I’ll, uh, okay. Okay. So, so, you know, we don’t even have any scripts for, like, if they already expressed interest, but, um, let me just control your screen and give you an example of what I would, what I would do. Okay. All right, give me 1 2nd. All right.

Okay. It is

so something like further

I like name because name is really. If you just say the person’s name, it sounds really, um, you’re coming from a place of, of strength. So I like it, uh, but it’s more subjective. So I say, hi, like, for example, Tom, Tom, um, great. Or I guess even further, you can make it even more aggressive, like, further to our discussion.

And then I’ll add in the part that is similar. Uh,

so, so, uh, I’m not saying that this message is, like, Any magic or anything. It’s more just sometimes the short messages, the reason why sometimes there are a lot of short messages. Is because it you can just decrease a lot of, um, the open rate is higher to read through rate is higher decreases liability, you know, is this more to the points?

So, it’s like, oh, further to our discussion because you’re signaling that you’re sending you’re sending the message because you already had a discussion with them. So you’re not just sending a cold message and then you say, no, it looks like my pipeline has several products that could be relevant. So the reason why you’re saying pipeline is because you don’t want to say that you have only 1 product that you’re obsessed with, because if we say we only have 1 product we’re obsessed with, or that we’re working on, then they say no to it.

Then they just put it in their head. They put us into this category that. Is irrelevant for them forever, which isn’t true because you’re somebody who wants to buy businesses. So you just keep the option open that say, oh, yeah, we could totally get part. Like, if you say no to this 1, that’s no problem. We could totally get projects that may be relevant to you and then maybe relevance is good.

It’s like a lights kind of we’re not pushing sales pressure. We’re just saying, oh, it could be relevant. We’re not we’re not forcing them to do it. And we’re also not saying that is irrelevant. Attaches information on our latest target. You know, we’re just, you know, attach this information to the latest target, uh, when we discuss the details and then attach the target.

Uh, the target would ideally have the information about the deal, and then you can just redact any information that you’re not comfortable with. Like, you can redact the address because the thing is that if these people have money and then they’re serious, they can just go around you and make the acquisition.

So I’ll just like, attach the 1 page or redact the details. And, and just say, oh, it’s for information purpose only. If you want more information, I’d be happy to discuss. So that you keep that, like, keep that open. Uh, you know, so that you can book the second, you incentivize them to book a next call. So that’s what I would play with.

Okay. All right. All right. That’s good. Yeah. I’ll use this script. Yeah, definitely. Yeah. Yeah. It’s not really, it’s not really sexy or anything. It’s just to the points and it’s clean. That’s all. No, that’s good. That’s good. Because her stuff was too much and I didn’t, it didn’t make sense to me. I think she’s copy and pasting from somewhere 3.

5 probably the latest version. Yeah. All right. Thanks. I appreciate it. No worries cheers. Yeah. Thank you. Yeah. All right, peter. Hey, good evening. Everybody else everybody doing I don’t really have too much to say. Um, the virtual system everything is working as planned. Um, I haven’t Subscribed yet. But uh, the reason why i’m not subscribed yet.

I just don’t need help with my data To make sure that my data is right And also I need the tracker so that once I had an interview, one of the one of the client that was presented to me. And so, um, once I get the data, right, then also the tracker that you talked about, then I should be good to go. That’s when I will go out and, um, you know, get things started.

But those are the two things I need. I really need the data in terms of getting an accurate data. Yeah. Okay, good. So tracker. So I was talking about TeamLogger, but Chamaru, there was another one, I think Clockify was the one you, you, uh, you started using, or is that? I used Clockify. Um, I like TeamLogger. Uh, I know I have to pay a little bit of money.

Uh, it’s only 10 bucks, but I think it’s worth it. Um, Oh, I thought it was free. No, it’s not. Oh, well, maybe they changed it. No, it is free for maybe a certain time, like 15 days. Okay. Then after that team logger snap. Okay. Yeah. So I, what I like about is this. I’m gonna show you something. Well, if you guys want me to show, I can show.

Yeah, sure. Yeah, why not? Yeah. Um,

so my share screen button.

Okay. Uh, you guys can see it. This team logger. Um, yeah, I like the screenshots, man. This is cool. No one can dispute. No one outfitted the point. Um, it shows what she’s done, what she’s not done. Um, they have a table view, what time they start, no activity time. There’s no activity time. And what I like about is, uh, Clockify, you can manipulate this stuff.

In here, you can’t. Oh, that’s the difference. Okay. And I like the employee time sheet, uh, show time sheet. So it’s beautifully add up. Whoever come back and say, Hey, what, whatever this, whatever that. I don’t have a concern. I add up everything. I will show every, all the information. Very clear. Love it. Nice. So, so, um, clocky is free.

I think Clocky is free as well. Right. Then there’s a version, like, it’s like any other software, right? It’s like the software, it’s just upgrade to something else. Okay. Um, this is only 10 bucks. I just paid today morning, like I used until now free, um, and I highly encourage if you’re using a, um, VA to use it because I don’t want to say bad way, but it just like they can say, yeah, I work like really this much hours.

And they did not. Yeah. Now there’s, there’s results there, right? You’re using a go high level or you’re taking a phone call through Skype. I know you did it or not. So that’s what it is. Okay. Thank you. I appreciate that. Okay. I’ll put that into consideration. So that’s pretty much it. Then, um, the data is what, um, um, do you send the data to them or you give me the data and I give it to them?

How do I, does that work? Or do I task and I reach out to you for data? How do I, uh, set that one up? Sure. So we just made some few changes. So, yeah, either you or them. So basically, just, um, if you go to outreach on the board, the outreach request the data. And then when you make the request, and we just share it over.

So, so either you were to be a, and then we just share it over. If you just click on, make a request. Okay. Then, um, the G mass, um, once the data is provided to them a day, the 1 that will be sending the email out on G mass. Um, using, um, the Google account or how would that work? Yeah. So, so what they do, they go on the, uh, on your account with your permission.

And we just work on using, um, you know, simple example scripts and then those go get sent out to them. So it’d be like, for example, hi, quote unquote name. Uh, you know, this is Joshua Gogo from, or not Joshua Gogo. This is Peter from X, Y and Z. Uh, it automatically fills in the name from the, from the data.

Okay, and then he says, Hey, are you looking at the potential X, Y and Z type of projects? Okay. And they reply or they say, go away. Once they reply, then it’s just really to go on an initial call with them. Or you can also have them, you know, do outbound calls as well as tomorrow is doing and use that to book appointments with you between you and the.

And the assist and the, um, and the end contact. Okay. And then contact. Got it. All right. Okay. The way you want to think about it is, and it’s really, it’s just a tool. Like, the VA isn’t it’s really just a tool. It’s like an extension of you at this point. It’s not true. Yes. We’re not the point where, you know, we’re at the point where we’re hiring, like.

A business partner who is the one taking it really? We’re just like, they’re just like doing some tech. They’re more just doing clerical level stuff right at this point. There’s some people we work with who, you know, we introduced to a salesperson and then they become like a cold, like a, uh, general partner with them.

Some people can do that, but then that’s pretty, it can be pretty expensive and complex and you lose profit. So this is just the, uh, the 1st stage is just to get somebody doing more clerical type of work. Which is true. Like, I’ll be honest with you, I don’t think I have the time to be able to do that. It’s gonna be hard for me to be able to do so.

It’s really gonna help me a lot in terms of, uh, the, you know, the outbound call, the outreach and everything. Okay, for a start. Yeah. Okay. All right. Thank you. That’s pretty much it. So I should be able to get things fully set up this week and um, we’ll see what the outcome will be in the next few weeks.

Yeah. Thank you. Yeah. No worries. Fantastic. I look forward and always be proactive. If there’s any issue or anything, just let me know as soon as it happens so that we can course correct early. So that’s the only key thing. Okay. Thank you. Yeah. All right. Good stuff. All right. Genetrix. I mo, I believe. Alright.

Hi. Hi everyone. Um, sorry I didn’t just, should I change my name? Um, so from on my side I’m still suckling around I guess because I’m not engaging. So it’s my fault. Um, I should be engaging more, but I think I’ve just gone into my own island and, um, why I don’t wanna be, so I wanna come out and that’s why I joined this call.

So, uh, moving on, the things we discussed last time, not. I’ve not taken, nothing has moved forward. I’ve not still gotten approval for funds. The last person you directed me to talk to was Young Capital. So he came back saying, um, I should introduce him to the end client. I said, the end client doesn’t want to talk to you.

Um, and, yeah. Yeah, but the end client really did not want to talk to him. He said it’s a small time business man. He checked his website You know, you know, you know why that is by the way, yeah No, uh, because I think they just checked him fully with transaction he was doing and he just simply said Uh, it’s not it’s not his type of guy.

He doesn’t want to talk to him Um, but I also did not like the fact that he told me I should bring my deal Um and take a back step, but I just took it You know, it’s a learning curve, um, but the guides still do not want to see him, not want to engage with him, uh, which is close to minus, and all I need for me is still the proof of funds to proceed, and also the construction deals I have, I, again, as I said, because I’ve been demotivated in the past weeks, I’ve been doing other things, um, I’ve been in Istanbul, went for Yorks Festival, came out of there, set up a steel, um, so I think I was busy setting up a steel manufacturing company in the UK.

So the UK company will do… The design quality and inspection and the Istanbul factory will do the manufacturing. Um, so, so I was putting that together, um, and have just, um, got the right partners in place, da, da, da, da. So it took a lot of my time, but it’s all done now, ready to roll. But, um, I need to step back into the profit equity stuff and get at least one deal going.

Which I do not have any record of doing any deal and it’s so painful and I want to start doing something. Okay. Okay. Well, well, you took the step to come on the call. So, okay. So, there are a few things. One was the, yeah, obviously, there are the investment banks and things, but then there’s also just, um. Did you manage to get Ulink all working?

Because you got approved for that account. Oh yeah, so it got working. I don’t think it’s been renewed this month because I was like, what am I paying for? I’m not even ready to, so the first month, nothing happened. So I’m like, when I’m ready, I’ll go back and pay, kind of thing. Okay, yeah, let’s leave that on the side for now.

So then, um, okay. So then, besides, because remember, like, these are investment banks, so like, besides YAC Capital, or Young America Capital, you know, there’s also Dalmore Group. Um, there are a few more, there’s Dalmore Group, and then there’s several others, like, did you see the other, uh, investment banks you could reach out to as well?

Yeah, I kind of lost track of the ones you recommended during the call as well, so I think that’s some of them, and I couldn’t catch up with you on WhatsApp, um, because I was busy a little bit, so it’s all my fault, but, yeah. Yeah, no, it’s, it’s all good, so, let’s see, uh, I’m actually just looking here,

okay. So Delmore, Delmore is a good group. So they’re, they’re one of the best. They’re essentially like, just imagine, just imagine a fully investment bank, like an American investment bank version of what we do. That’s basically them. Um, so let me send you their contacts. Uh, so this is the main, main website.

Oh, no, that’s the email. Sorry. Let me just copy the sitters, Eaton and Oscar.

And this email was April 6th. Looks like yeah, so just have a discussion with these guys. I mean I can You know, the email has been bumped up Is

any price tag for these guys how big how small they’re looking at purchasing sideways? Uh, you know, they’re more like in their registered investment bank. Um, They’re a service provider. They’re not quite a um a direct investor. But the thing with them is that He needs a proof of funds. So I’m saying what I’m saying is just go to the investment banks.

They’ll send you an engagement letter if they approve it and then use that engagement letter to tell the seller that you’re serious. Yeah, right. Right. Right. Okay. Um, so, and this one is called downward group to answer your question. I think I don’t know the exact amounts, but, um, I was looking for. Oh, 190 million was initially 200, but yeah, the guy reduced the price of the four hotels to 190.

Okay. Yeah. So everyone, feel free to just take a look at them. They’re really good. Um, broker dealer. So, okay. Yeah. So reach out to them. There are several others, you know, you could get, you could, you could get. There are some groups that they would give you the engagement letter, but then the problem is that they wouldn’t really do anything like you pay them money, or they will tell you that pay me money to raise money.

Like, there’s us capital global. For example, I know that some people worked with them. They don’t get any results. They say pay 100, 000, 80, 000, 200, 000. Nothing happens. But, I mean, I mean, you know, there’s no real points in getting this. Like, you could get a letter from them, but I don’t think there’s any good points of working with somebody who, you know, that won’t be able to raise the capital anyway.

But, I mean, there are different groups out there. We can keep on, this is a good group and a real group. There’s also Castle Placement. Uh, so reach out to Castle Placement and I think, Aha, yeah, Castle Placement, I see it. Yep. So, October 18th. Yeah, just, you know, so you haven’t been able to talk to Castle Placement as well, right?

No, I’ve not spoken to them, Castle Placement. Hmm. I mean, you sent the email, you got the intro.

Yeah, no, I think it’s just repetition. We just have to keep on, it’s kind of annoying, but, uh, we just have to keep on reaching out to them, Castle Placement. Okay, so I’ve got to now Yep, so try on so instead of the email, let’s just do the official website on the intake form You know the main website where it says get funding contact us.

So you can be just like Name business email and then they’ll have somebody lower reach out to you from there because I’ve seen people use that instead of the email So maybe that’ll be better. And then you remember that’s another one that we go You know when I didn’t have an office in the I do have a company in the u.

s. That’s one website. We used and

Understand because I do have an office in the u. s. I couldn’t give approval phones But you I think you got it. I would try to do a redacted version. Yeah, that’s simple, right? What’s book seven? Oh, yeah. Correct. How do you spell that? S I V O. S I V O. Okay. All right. Cool. So I’ll try these three. Yeah. Yeah. So Sybil, Sybil, like, you know, maybe start with Sybil.

It’s the low hanging fruits. I mean, I mean, yeah, you know, so, so I’m even wondering if, if, uh, if these three don’t go through, I’m wondering if you should consider, like, Consider just moving on because, you know, the some of the other deals you mentioned were really good and maybe you get further on those ones in this.

I agree, but, um, for those ones, I just need I need to go back and revisit them. Yeah, because I said, I, I, I think it’s my fault. I slowed down a lot of things back and keep going again. And then the other question I asked last the last time I attended was whether anybody knows any development funding sources.

So if you’re talking about international funding, I would suggest that you go to World Bank, um, oversee private investment corporations, a chapter of the World Bank that normally fund projects big, it doesn’t matter what kind of project, um, in a total world country, Africa, Asia, um, if you go, they’ll might be able to help you provide funding, um, and they’ll provide equity funding, they’ll provide loans, So that would be a good place to look.

You’re, you’re talking about doing international project. So what do you call them again? World bank, overseas, private investment corporation. I, investment Corporation World Bank. Yeah.

Thank you. You’re welcome. Um, and recently, if you read the news last week, the Saudi government has been doling out lot of cash from Africa and they got lots of, um, the same type, um, banks or lending organizations, um, who are partnering with African companies and investing in oil and gas and all sorts of, um, infrastructural investments.

Um. Maybe it’s also a good source to reach out. Fantastic. International is a bit out of my purview, but, uh, I guess, uh, Joshua, do you have any, any feedback on, uh, international funding? Because I’m just North America, Canada, UK, and for now I’m trying to get there myself, but would they have any? I

think there’s also someone you mentioned in the group last time, some female name you said I should get in touch with her, but I kind of lost track as well. Hmm. It wasn’t Camille, no? No. No. No. No. No. Yeah, I’d have to, but, um, but yeah, for now, for now, really, um, yeah, I don’t really have any on top of my head.

Uh, so, you know, so I’m just more American minded right now and a little bit of UK minded. Oh, and then the last request is if you could, we could do more, um, in all those introductions again, uh, the mandates, um, you can refer me to more people to start talking. I think that will help. Um, I know you sent some people already, but just to, um, kickstart talking to more invest, uh, investment groups again, um, that’ll be helpful.

Yeah, sure. Sure. So let me take a look at what we can do. And, um, uh, yeah, just give it give it 1 day and and, uh, but then start with the investment banks. And then really, the other ones are more just. Sort of like brokers and things like that. Uh, and then there are a few parties are serious, but I mean, you know Like is this for the hotel one because like no, no, no, no, no, this is just generally to understand I’m on dates They’re kind of what they invest in what they like to invest in all the easier phones for you know I kind of that kind of initial intro, you know discussion Okay.

Okay. Good. Because yeah, because usually these, um, you can, the proof of fund thing, like if you tell that to an investor or to a private equity company, uh, you know, they’ll, they’ll be like, what is it? Who are you? But then to the brokers and things, yeah, do the proof of funds to them. But then, yeah, you know, we’ll just look in the, in the database and then, uh, just wait one business day.

I’ll put the tag, the task in and, and just, uh, uh, you’ll get at least, at least one or two in the next, uh, 24 hours. Oh, sounds good. Yeah. All right. Good stuff. Greg, how are you? All right guys, so I need to leave. It’s midnight here. Cheers. Yeah, cheers. See you. Bye. Bye everyone. Bye. Great. Um, things are good. Uh, yeah, I can’t complain.

I just, uh, signed a NDA yesterday or Saturday. I’m just waiting to get, um, some information on a project in Texas that looks kind of interesting. So once I know that, I’ll, I’ll know more. So it’s, um, I may need your help because it might have a commercial real estate component to it. So, I’m sure there’s some commercial mortgage brokers or commercial banks that can, that can lend on it, hopefully.

Okay, fantastic. Yeah, yeah, sure. Yeah, let us know. Uh, it’s almost a dime a dozen to us, but, um, you know, what’s Abdel Lewis. He has, she has a lending program now. Uh, he’s he’s the clients that had the whole 100 million dollar regulation defund from like a like one and a year and a Half ago. So So yeah So let us know when and then you know We can introduce some of them as well as the others like vip pool camille and all those guys Uh because they operate in no southern states.

Okay It’s no point I want you to look at the information and do some due diligence, do my homework on it from there. Okay, sounds good. So yeah, last thing you may want to, um, if there’s anything financial, uh, you know, we, we do have some people that can look at the numbers. I don’t know if you have that taken care of, but, uh, we have CFAs that can look at the numbers, uh, if you need as well.

Yeah, yeah, no, I’ll, uh, I’ll definitely talk to you shortly. Alright, good stuff. Alright, good stuff. Yeah, your incident, I think the incident’s kind of choppy, but anything else, um, or any other questions? I could barely hear you there.

Okay. Okay, no worries. I’m good.

Okay, good. Yeah, it’s a bit, bit choppy. Kevin, how’s it going?

Oh, man. Uh, it’s going, going great. Um, I’m driving right now. I’m just listening in. So if anyone else… Okay, no worries. So, so listen, I think we went through everybody, but, um, yeah, what I’d like to do, I guess, give everyone an opportunity to ask Dr. Gogo any questions, uh, in general about finance about macro.

Because, uh, you know, the market hasn’t really, uh, made any big changes, but people are talking about, you know, the rates at least up north may may decrease, you know, America depends on what states and what deal, but. You know, similar sentiments, but, you know, I’ll get I’ll give the rest of the call everyone an opportunity to ask him the about macro or, you know, if there are no questions, I invite him to take the lead and just share.

Because even I want to know, like. You know, in terms of macro, what what the projections are.

Any question,

I guess I just want to listen. Well, Dr. and Dr. this Reggie, I’ll throw something out there. I was helping 1 of my colleagues. Uh, started last Friday. I won’t go into too, too much detail cause I don’t want to disclose his transaction. But anyway, he had a client overseas that was going to purchase, um, a very large piece of real estate.

So I had a lender in mind cause this deal was time sensitive and the lender met with them last Tuesday. He’s going to give them, I think 40 percent of. The property is supposed to be as is 200 million. The lender said, Hey, I’ll give you 40%, which is 80 million. But the caveat is I want you to have. If we’re going to give you 80 million in 10 days, we want you to have skin in the game.

And in this case, skin in the game was like 400k. Um, I think that spooked the borrower because he wanted money. He wanted all the proceeds or all the, all the expenses to come out of the loan. Um, but when we saw the term sheet, I kind of understood that the lender was charging 1 percent per month. And he was encouraging them that, Hey, we’ll give you this.

You need this money fast, but our rates are expensive. We’re charging you 12 percent the first year, 15 percent the second year. And then it goes on a third year, but where I’m trying to sum this up into a question for you is this money is expensive. I understand why it’s expensive, but do you think that I guess those, those fees.

Are extremely expensive, given the time, given the space that we’re currently in now. That’s my question to you, Dr. Golo. Okay. This is an ongoing conversation across the financing world, right? And it is because of these that you have a lot of fraud. In the, in the financing world, this upfront payment, generally, what I advise is this, um, on this, on the fees, what are the conditions for return of these fees when we structure what we do is.

Okay, structuring fees that goes to due diligence, lawyer’s fees and all those fees, but if you pass the condition we put is if you pass the due diligence. And we do not give you the money, that’s the financing, we return the structuring fee. Yes. And I always advise all my clients when I’m on this side, and they are looking for money, and there are all these, uh, structuring fees, to tie it to the due diligence.

Now that causes two things. One, you escrow the, the structuring fee. Second, you want to do your groundwork. You want to have the due diligence questions before you pay the structuring fee. So you examine it to answer the question if you are able to meet the due diligence question. And what the right answers, the correct answers, or what they are looking for should be clear, not opaque.

Right. Because generally what you, what you get is somebody would say, okay, yeah, we’re going to give you a hundred million dollars, but you pay 1 percent structure and fee. What that does is. 100 million, that’s 1 million. And then I throw you, if you pay, I throw you all sort of due diligence question. Now you can’t pass the due diligence, your money is gone because it’s non refundable.

Now, assuming that we can deal with the structuring fee, that’s the 400, 000, and it’s refundable, If the money is not, uh, the 80 million doesn’t come if they pass the due diligence questions and those due diligence questions must be clear, simple and can be checked off when you meet them. When we are done with that, then interest rates I don’t know where the country is, but there are only a few countries where real estate double digit growth these days, especially when it’s in the twenties and thirties.

So you have to ask the question, what is the cashflow on that real estate that you can use to support that kind of debt service charge? And this is not a principal payment. It’s just interest going into 15%, 24. I mean, um, the financials should be looked at very robustly. Yeah, it was interesting. It was interest only.

And the company was a us based company. I know him. They’ve got 4 billion this year. So there’s not like, um, there’s not like Footlocker. You’re right. It’s not like Footlocker, but, you know, but I was, yeah, what I was saying was, you know, I understood what this lender was saying, because at the end of the day, if you’re saying that after you take this money and you, you know, you make these repairs, it’s supposed to be 400 million, I kind of look at it.

That is kind of like seed money. Cause they also want to sort you out too. Um, cause I was on the call and the lender said, Hey. If our appraisal comes back and it’s 150 million, we’ll give you 60 million. But if we don’t do, if Glenda said, we don’t do our end, we’ll refund you all the money back that you paid.

So it wasn’t any question about that, but I think, um, the business that we’re going to start here, whether the interest rate is too high or too low. What’s the key? Yeah, it was a dual question. Um, cause I asked for the feedback. Um, of our memory that was handled, you know, just to get his feel because it was actually his client that was helping him.

Um, um, and he was concerned that the interest rates were a little, were a little too, you know, a little too high, but I mean, I think it was kind of relative in my opinion. Yeah. Interest rate too high depends on, uh, what, again, the skin is in the game. Secondly, uh, because it’s leverage, it’s a question of the return on the overall return on the, the down payment that the, the skin, right?

Second, um, the alternative is to see if you can get a, a traditional finance LTV, um, 80. 75 and definitely global interest rates are not that high, 15%. No, they’re not high, except it’s in a really, really frontier economy. Even in frontier economies, interest rates on US dollar loans are 10 12%. That kind of thing.

Yeah. Cause it was definitely interest only with a balloon payment at the end of that term. So it was interest only with a balloon payment. So the interest rates, that’s why I said it was kind of relative because. If you just make an interest only payments, and this is based on the calculation that the borrower gave us that he was determining how much money he was going to make once this property is restored.

So that’s why I’m just kind of throwing that out. Yeah. Yeah. So again, like you. Correctly pointed out, it’s related. If I’m, if the entire property value is 150 million, and I’m putting 100 million, or I’m putting 80 million, and I’m liable for 80 million, um, and within two, three years, I, I’m able to pay off from cash flow, or flipping the property, then, I mean, the returns are, are very decent, but again, the due diligence on your part is that There will be ongoing cash flow somewhere to support the interest.

Payment while it’s interest only. Yes, you’re right. Yeah, that cash flow must be robust And then there is going to continue until the property is is finished and uh, Disposed of and cashed out. That’s I mean, it’s straightforward Yeah, I get you because I kind of look at it as kind of like a checks and balances on both sides If you don’t think you’re going to be able to do it, then you don’t go for it Yeah Yeah, but if you’re usually, you know, people, one of the things I usually advise is, uh, people have the tendency to pursue the opportunity, forgetting that every opportunity comes with a certain risk.

Yes. Right. Yeah. And in this case. Is is cash flow risk if it’s interest only, uh, because the timing and the amount is known. So if it’s not going to change, so it’s a fixed rate, uh, the timing is no when it’s going to be paid. So what remains is the risk of the cash flow that is around the cash flow that is going to support that payment.

Is there a way to defuse it? So the, the. Defeasement means that there’s a, uh, there’s a cashflow coming from somewhere. Also the timing and amounts are known. So you can just lock the two accounts. So the, the money is paid directly into that account. And then when the interest is due, it just goes out automatically.

So you lock both sides in, that’s defeasement. If it’s not that kind of sorting, then you want to make sure that, um, your risk analysis on the, the, the cashflow is very robust. Quite frankly, I would say, um, 25 to 30 percent above the required payment.

Yeah, so if you are required to pay 100 every quarter, you want to make sure that the cash flow you’re using to pursue that is around 120 to 130. And so you’re building up also reserve just in case. Yeah, gosh, yeah, sorry to take so much of your time with that. I just kind of wanted to kind of just throw that out there Well, I mean what he’s saying.

I’m agreeing with a lot of what he said for two reasons one is the uh, you know, remember when I was speaking about investment banks because I honestly there’s this investment bank I know that people literally pay them a hundred thousand and unfortunately They act as if they have the cash in their balance sheet and they have the incentives to invest where people actually, um, they’re really just getting the upfront fee of a hundred thousand plus and knowing full well that they’re probably not going to get funded and they’re a registered FINRA investment bank.

So, um, yeah, no, I know somebody like he lost like, like almost 200, 000 with them. Uh, so I don’t, it’s not a lender, but it’s even different because they’re registered in America as a FINRA and then same thing, do diligent stuff and then anyway, so, yeah, just maybe if you feel comfortable, you can let us know the name, we can help you in research, or I can help in research, or you can just do, um, uh, your typical background research as well to see other people that have worked with this lender, people pay for, um, there are some lenders where researchers.

People pay people to remove negative reviews. So yeah, it’s very, um, yeah, no, some people, they threaten for a lot, they threaten lawsuits, people put negative reviews. So that’s why sometimes you see lenders that you don’t see anything negative and then you go and then, you know, it’s a crazy world, but anyway, just yeah, the quickest way we do it, we are advising.

Right? Is to pay a lawyer to go do such across the across the courts, right? To see whether this lender has been sued, um, or there are complaints. I mean, you can pay, uh, 5, 000 to save yourself 400, 000. Why not? Right?

Yeah, yeah, exactly. I think there was also, um, check, check out Unicorts. Uh, Unicorts is really good. They do they have a lot of free stuff and then pacer is really good as well. Pacer is cheap and it’s good, but it’s mostly for bankruptcy. So that’s why I like unicorn and obviously the lawyer things as well.

They can review for any red flags that you may not be aware of.

So, okay, and I see you sent me a private message. So, so we actually remember the data room thing with the email. So it’s actually easier now, like, on the portal, either 1 on 1 or directly all the questions would be there for you to answer. And then it automatically. Sends us the info. Uh, so it’s a bit, we just have to do some spring cleaning or I guess, some fall cleaning or whatever.

And so we, we cleaned that up for you, uh, Reggie. Yeah, no, I got you. Cause I mean, I know, I know exactly this particular company. Cause I, actually I came across them in a formal, um, formal life. So yeah, there’s things that, you know, there’s, well, you can always, people can always go to the security exchange or federal website and look at their case, what they call, um, investigative case.

Yeah. That is because some of the other stuff is not always criminal. It’s civil. And when it’s civil, it doesn’t, it doesn’t necessarily pop up in Pacer because part of that settlement is to keep it out of the public eye. But it’s always, maybe I’m going a little bit too much, too much detail and what I used to do.

When you go to these different government agencies, cases, and you can find out if they were cases. Open up because these different companies, especially the ones that have license. Exactly. Yeah. Because you’re, um, uh, yeah, you were like, I know you’re some of your professional background, so you should be really adept at some of that.

And, um, yeah, especially if there’s a regulator for sure. And regulator with, why would they be regulated with, uh, so which type of regulator would this company be with? Well, so security exchange or any type of brokers, they got to have a license, right? So when these companies come up on the radar, they don’t necessarily go to what is called the Department of Justice criminal.

It goes DOJ civil. Yeah. And they have these. They have these what you call profit sessions behind closed doors, and they’ll pay the fine because they’re making more, they’re making a lot of money. They don’t want to risk the bad exposure, but that doesn’t necessarily get publicized. It won’t necessarily go into PACER because it never went into a court.

Oh, fair enough. Interesting. So that’s how the bigger companies get away with it. You don’t see people looking for the criminal in PACER, whereas civil, it never, it never really enters the court. So they do what is called like a non disclosure agreement. But you still had a case open on them. Hmm, I don’t know.

So, yeah, so, um, The international companies are even harder because the U. S., at least in the U. S., it’s easy to find everything, even in Canada, U. K., Australia, but then when we start going international, it’s a different beast. Uh, so, I don’t know of a lot of the, the ways to get the legal information or the court cases.

In these commonwealth countries that are abroad. So I don’t know. So then it becomes even harder to do the due diligence, um, out of buddy that I think he works in the FBI. And then he couldn’t do as much due diligence on some, some foreign people that he is just word of mouth. And it becomes like, just a bunch of stories.

So, you know. That’s probably the treasury department. The treasury department is they renamed this call. It used to be called OFAC, but they, they, they basically, maybe there’s getting a little too lengthy for this call, but overseas companies that have interest in us, their treasury department can see say bank of America, HSBC.

They’ll say he’s 10 million and then the banks want their money. So they’ll go seize it. So they’ll get repaid. But treasury department, he used to call it OFAC, but it’s like overseas. Those are the ones that put the holes on your bank account and it’s ran by, it’s ran by the Treasury Department. So you can always go through their case studies.

When I say case studies, not studies, but they have, uh, they publish your online cases and you can type in the search. Yeah. Hmm. Yeah. That’s really useful. Thanks for that information. I got it. I wasn’t foreign accounts control. Yeah. They always rename it. Yep. Exactly.

Oh, cool. Yeah. I wasn’t aware of that. So something I’ll, um, I took note of and we’ll check out myself.

All right. But good. But, um, part of that is to, uh, basically, um, find out what, uh, us citizens. Um, I invest exactly to be taxed worldwide income. So usually we’ll walk with banks and all that to, to get, uh, information on us citizens assets outside and, uh, vehicle set up by us citizens to invest back in the US, but, um, around the tax structures and all that.

Yeah, that’s the legal entity, the legal way to enter it. But I’ll just leave it at that for this purpose of this phone call. There’s other ways to, yeah, other ways to do it. Yep. And the surface level story that Dr. Gogo said makes sense because America does have this global taxation going on. Fortunately, Canada doesn’t, but that does make a lot of sense and why they would need that information anyway.

Yeah, one of the only countries in the world that has global taxation.

So, all right, fantastic. So then I think we may want to end on a high note, but, uh, is there anything important that, uh, that you think everyone should know, Josh, before we, uh, wrap up the call?

Whoops, you’re just on mute.

Just on the interest rate, uh, and the economy, you know, the last time we were talking about the, uh, the prospects down the road, but again, the signals, uh, for Canada are very, uh, bad now. Um, so there’s a, there might not be any desire to increase it because they’re just going to, they might just turn the economy into a recession because it’s there, it’s there.

And the U. S. is very reluctant to go into any debt. Uh, people, the investment, uh, the investment community was shocked by the spike in the 10 year treasury, in the 10 year, uh, uh, U. S. uh, uh, funds and treasury. You know, the, and so that, what that made was it just, Automatically reduced the, you know, the return, of course, if you know, the, the, the, uh, trade off between interest and, uh, and capital gain on, uh, on bonds, right?

So interest rates go up, capital gain, so, well, which means that when interest rates go up, what you get is that banks, uh, investors who are heavy, I’m not losing money on the treasures they held because their values are coming down. Your values are coming down. And this is one of the reasons a lot of the banks are in a big mess.

One reason SVB was that is getting worse now. Right. So the U. S. Federal Reserves are now cooking up another magical to the magical to and we have to be aware of that and its impact on the economy because it’s not known yet. Right. The magical tool is that. We know that your, the, your bond bond holdings or your treasury holdings, uh, their values have come down, which has affected your assets value.

So usually you are required to pump in, uh, money to, to maintain the threshold or calling some loans, right. To maintain the, the reserve threshold. Right. But what the US is saying is the, the feds are saying is, you know what? Don’t worry. We know that your, your bonds. Um, or the treasury you’re holding, their values have come down.

So if you try to sell them, you’re going to lose a lot of money. So we are going to lend you the money as if the values have not come down. Oh. See the magic. So you have say 100 worth of bonds. Because of our interest rates, the value has not come to say 80. Generally, you’re going to sell them back to get cash to support to beef up your, your, your balance sheet.

But the government is now saying, Oh, you know what, I’ll just lend you 100. At the face value of the bond, although their current value is much less and nobody knows where they are going to come back, but we’re going to lend you 100 a day. This is a voodoo way of pumping free money back into the, into the, into the system instead of lending the banks.

Are the rate that are the prime rate or the the treasure rate which are high to To get their liquidity in so instead of lending money to them at a high interest rate that everyone you and I see They are not lending them money at face value of their treasuries that have Lost value. So continuing the free money printing.

So what that F that will come to the impact, whether the moralize that he’s going to get us in, um, it’s not known yet, but this is new. This is new. So what is that type of loan called exactly? Is this lending lending? It’s usually they will do repo, right? So usually they will say. Um, one of the guarantees is that, okay, I’m going to buy back the bonds, the bills, the treasuries, right?

Yeah. But when I buy them back as feds, I buy them at market price because they are not martial yet. It’s only when they are martial, I’m obligated to get them at face value, to redeem them at face value. But between, let’s say a 20 year bond, right? That is eight years into it. Right. But at very high price when interest rates were very, were zero, I mean, eight years ago, now interest rate, uh, 6%, 7%.

So their value will have come down. A hundred dollar bond will probably be selling at 70. Right. So if they were, if they needed cash, what they would do is to sell them back. But if they sell them back, they will get 30, 30 loss losses on capital losses. They could sell, sell them to the treasury that the, the feds that issued them or the treasury that issued them wherever they came from.

But that means that they will have to take losses. This is the market. This is the free market. This is how it operates. But now the feds are gaming the system. They are, they are tweaking the rules of the free market and saying, no, you don’t have to sell them back. I’m just going to lend, lend you money using them as collateral, but I will lend you 100 for 100 face value.

So this is, can you do that with a bank? Let’s say your real estate, you bought at 500, 000, real estate prices went boom, and it’s now worth 300. Can you go to the bank to say, hey, lend me money on the basis of this real estate because I bought it for 500, 000. So give me 500, 000. Can you do that? Nobody does that.

Nobody let’s you and I cannot do that. They will tell you, look, the appraisal value current market value is 300, 000. We’re going to do whatever percentage of that, but it’s going to be based on that market value. But what the feds are doing now is which is completely new. Oh, no, you because you bought it at 500, 000.

We’re just going to give you a loan of 500, 000. We’re just going to ignore the current market value of the asset. Okay.

Has this ever happened before? All right. I guess like never, never, it has never happened before. So, so what happens? The question is what happens? Will the banks take the 100 loan and sell the, the, the bonds to the market at 70 and pay, you know, because there’s a reason. So they have the cash, they’ve sold the banks, so they owe the feds.

You know, whether the first get them back, you know, it’s another backdoor to the quantitative easing of zero free money to the banks, whether that we flow to the market to to investors like you to to to people trying to get financing, that is, we will begin to see that. Next quarter or whether the bank will just take it take the money and do more risky investment Yeah, well, I mean at a at a glance as somebody i’m not the macro guy but like it looks like it’s just taking the benefits of the uh Of the uh of a lower interest rate kind of and then giving it only to banks basically because the same They could just lower interest rates, but then it will affect everything But then they’re just trying to affect only the banks to get them to speed up I guess.

Oh, wow. That’s really important. Yeah. No, it wasn’t. Um, yeah. So this recording, um, will be shared in the members group because I think everyone needs to know that information, um, especially at the end. So, uh, any, any, any last, uh, questions for Joshua as we, we wind up for now, or even for me as we wind up.

I guess we could end on a high note. So, um, so everyone make sure to continue, uh, you know, just contacting support at raises. com or every Monday. We have this call except for usually Canadian or American holidays where we actually have a Canadian holiday, but we still had it. But, uh, Monday at 6 or book 1 and 1 contact support.

If everyone wants any help with, uh. You know advanced tech strategy advanced financial analysis. Uh, joshua gogo is on the group as well His contact information is right behind him on the screen and uh until next time Thank you for attending and we’ll see you in the next one. Bye. Bye everyone

 

 

 

 

 

 

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