Bitcoin Secured by Real Estate

[FlipBit]

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[BathSaltsDealer]

Hello Bitcointalk,

The following is an introduction to The LeGrand Group:

Sounds like a great idea, OP. You should get in touch with Brandon, he has something similar going on.

"Updates
June 30th, 2016 - RENT will resume trading once the managers of the Fund pay all outstanding debt currently due to Havelock."
Contact info from the website RENT once traded on:

Phone:   1-740-571-1606 (USA)
Email:   brandonschlichter@gmail.com
Postal Address:   9th Floor, Amtel Building,148
Des Voeux Road Central,
Central, Hong Kong

Good luck!

[AcoinL.L.C]

What real estate expertise do you have exactly? I checked out your site and there is nothing on your team, your portfolio etc.

[AcoinL.L.C]

What real estate expertise do you have exactly? I checked out your site and there is nothing on your team, your portfolio etc.

I just PM'ed a bio on myself.

Just read it. Not sure I would call that a bio... doesn't include any personal information/proof of any claims made, but even assuming everything you said was true in the message, a deal size of 100kBTC is way out of your league.

You claim to have done $35MM in sales volume over the past 8 years ($4.375MM yearly) which is next to nothing, yet you are trying to raise nearly $700MM in equity... that you take an immediate 10% cut from (which is absurd).

Good luck

[Branny]

What real estate expertise do you have exactly? I checked out your site and there is nothing on your team, your portfolio etc.

I just PM'ed a bio on myself.

Just read it. Not sure I would call that a bio... doesn't include any personal information/proof of any claims made, but even assuming everything you said was true in the message, a deal size of 100kBTC is way out of your league.

You claim to have done $35MM in sales volume over the past 8 years ($4.375MM yearly) which is next to nothing, yet you are trying to raise nearly $700MM in equity... that you take an immediate 10% cut from (which is absurd).

Good luck

If it's that high why not just go with accredited REIT investors? That kind of money is out there if he has the certifications he claims.

[AcoinL.L.C]

What real estate expertise do you have exactly? I checked out your site and there is nothing on your team, your portfolio etc.

I just PM'ed a bio on myself.

Just read it. Not sure I would call that a bio... doesn't include any personal information/proof of any claims made, but even assuming everything you said was true in the message, a deal size of 100kBTC is way out of your league.

You claim to have done $35MM in sales volume over the past 8 years ($4.375MM yearly) which is next to nothing, yet you are trying to raise nearly $700MM in equity... that you take an immediate 10% cut from (which is absurd).

Good luck

If it's that high why not just go with accredited REIT investors? That kind of money is out there if he has the certifications he claims.

No one will put any money into any investment vehicle with the kind of fees he is charging.

Even if he wasn't trying to charge such high fees REIT investors wouldn't put $700MM into a guy that is doing $4MM a year in sales.

[AcoinL.L.C]

What real estate expertise do you have exactly? I checked out your site and there is nothing on your team, your portfolio etc.

I just PM'ed a bio on myself.

Just read it. Not sure I would call that a bio... doesn't include any personal information/proof of any claims made, but even assuming everything you said was true in the message, a deal size of 100kBTC is way out of your league.

You claim to have done $35MM in sales volume over the past 8 years ($4.375MM yearly) which is next to nothing, yet you are trying to raise nearly $700MM in equity... that you take an immediate 10% cut from (which is absurd).

Good luck

Please note the post clearly states 100,000 BTC which is approximately $60,000,000 USD in equity, not $700,000,000 USD as you mentioned. There is not an "immediate cut"; the Sponsor retains 10% of the opening shares meaning that only 90,000 BTC ($54,000,000 USD) is actually raised.

Yep, I accidentally added a 0 on to the end of it.

It is essentially an immediate cut. The moment they invest, their NAV is lower than their investment since you hold a 10% stake that did not contribute capital to the fund.

[AcoinL.L.C]

What real estate expertise do you have exactly? I checked out your site and there is nothing on your team, your portfolio etc.

I just PM'ed a bio on myself.

Just read it. Not sure I would call that a bio... doesn't include any personal information/proof of any claims made, but even assuming everything you said was true in the message, a deal size of 100kBTC is way out of your league.

You claim to have done $35MM in sales volume over the past 8 years ($4.375MM yearly) which is next to nothing, yet you are trying to raise nearly $700MM in equity... that you take an immediate 10% cut from (which is absurd).

Good luck

Please note the post clearly states 100,000 BTC which is approximately $60,000,000 USD in equity, not $700,000,000 USD as you mentioned. There is not an "immediate cut"; the Sponsor retains 10% of the opening shares meaning that only 90,000 BTC ($54,000,000 USD) is actually raised.

Yep, I accidentally added a 0 on to the end of it.

It is essentially an immediate cut. The moment they invest, their NAV is lower than their investment since you hold a 10% stake that did not contribute capital to the fund.

For clarification the NAV remains as referenced above; the 10% is an equity contribution.

So you would be putting $6MM of your own capital in?