Note from Wolverine’s Friend Richard
“I am involved on both sides, both on the bond sellers and also the bond buyers side as well. I wanted to clarify the importance of the message from MarkZ about final contacts being received by the sellers. Over the past 4 to 5 years, thousands of contracts have been put together, but they have always been just by the sellers. The sellers have never received contracts from the buyers because of the confidentiality.
What is happening, now, and as MarkZ said, for the first time, is actually the sellers, who are the owners of the bonds, have now finally received what is called the MOTHER CONTRACTs, which are the contracts from the buyer’s side. This is only being done because it is the start of the payment. So, the MOTHER CONTRACT is the only time that the seller’s contract and the buyer’s contracts are joined together. So that is a very big step.
Once that is put together, then the paymasters can be authorized to start the payments. This is a very big step, and this is happening to our clients in many territories including Zurich, Hong Kong, and Brazil. It seems very likely we should be able to cross the finish line by next week. We have top contacts on the buyer’s side who write up for redemptions, and, they have it confirmed that the payments have been starting, following the final contracts. This news is straight from Reno. Things are definitely starting in Reno.”
What is happening, now, and as MarkZ said, for the first time, is actually the sellers, who are the owners of the bonds, have now finally received what is called the MOTHER CONTRACTs, which are the contracts from the buyer’s side. This is only being done because it is the start of the payment. So, the MOTHER CONTRACT is the only time that the seller’s contract and the buyer’s contracts are joined together. So that is a very big step.
Once that is put together, then the paymasters can be authorized to start the payments. This is a very big step, and this is happening to our clients in many territories including Zurich, Hong Kong, and Brazil. It seems very likely we should be able to cross the finish line by next week. We have top contacts on the buyer’s side who write up for redemptions, and, they have it confirmed that the payments have been starting, following the final contracts. This news is straight from Reno. Things are definitely starting in Reno.”
No comments:
Post a Comment