Looks like you can buy a piece of Seminole

I find it strange that nobody would have controlling interest. Also, how do you guarantee a 4% profit?

On Friday, July 17, 2020 at 6:19:48 PM UTC-4, Christopher Schrader wrote:
I find it strange that nobody would have controlling interest. Also, how do you guarantee a 4% profit?

Yes, a 50/50 ownership creates an impasse, not a good situation to be in business wise. Nice to know that "MS LUCULESCU" has a million and a half to buy the other 50 percent. Hope she has impeccable credit right now if she is going for a loan. Seems like just yesterday she was a "community college student." Four percent is more than I am getting on my cash right now. I thought Mihai had a number of other businesses back in Romania.

Walt

On Friday, July 17, 2020 at 6:45:34 PM UTC-4, wrote:
On Friday, July 17, 2020 at 6:19:48 PM UTC-4, Christopher Schrader wrote:
I find it strange that nobody would have controlling interest. Also, how do you guarantee a 4% profit?

Yes, a 50/50 ownership creates an impasse, not a good situation to be in business wise. Nice to know that "MS LUCULESCU" has a million and a half to buy the other 50 percent. Hope she has impeccable credit right now if she is going for a loan. Seems like just yesterday she was a "community college student." Four percent is more than I am getting on my cash right now. I thought Mihai had a number of other businesses back in Romania.

Walt

What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

If Angelica-Mihaela Luculescu buys 50% of the shares, and the other 50% is sold to others, then Mihai Tanjala would own nothing.

How then can Tanjala guarantee a 4% return?

Google Ponzi.

On Sunday, July 19, 2020 at 2:29:54 PM UTC-4, Stephen Szikora wrote:
Google Ponzi.

Not much chance of that, a Ponzi would require new and older investors over a period of time. Looks like this if done at all will be done at once. Will be interesting to see who if anyone buys into the deal, maybe Rich will become a 50/50 partner? The property owners on the field most likely have no need to buy in to support the operation as they should be protected contractually. The owner will have to maintain and operate the facility and if the economy goes to heck we all know how well such an operation would fare.

Walt

What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.

Walt

On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:

What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.

Walt
What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!

On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:

What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.

Walt
What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!

I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.

Walt

On Saturday, July 25, 2020 at 8:07:39 AM UTC-4, wrote:
On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:

What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.

Walt
What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!

I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.

Walt

Since it is a so called private offering the S-1 form probably would not apply. Maybe the Romanian could make it public with an IPO, but that would be subject to many rules that I would probably think that the Romanian would like to avoid. If business is down then he could host the Clermont Carnival on the runway and for a week or two in March have the runway filled with carnival rides and sell cotton candy and corn dogs with mustard. Just think how beautiful the runway would look with the marquee lights.