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In the past we have had prospects who assumed promissory notes were the same as bank guarantees. They are not.
Promissory notes are an unsecured personal guarantee to repay debt capital. In the rare instance you can find anyone to still accept these they usually are applied for small lines of credit not more than $100K. Certainly not $1+ billion dollars.
In the past we have had prospects who assumed you can use proof of funds collateralization letters to buy financial instruments like BG’s. You cannot.
POF letters are just collateral enhancement for debt lending usually for real estate financing or business financing to include films. And POF’s aren’t free and no one will buy a POF for you. There are a few sources that will J/V on buying BG’s but not without you having proof of funds for 50% of the acquisition price which may vary.
The TWO examples above are examples of people trying to reinvent the wheel on how financing is done on Wall Street.
The following is the newest monetizer for all financial instruments in his own words among MANY listed on our blogfeed for YEARS. Note, how he says leased instruments will NOT be accepted at least 4 times. But he does say “cash-backed” is acceptable. And POF collateral letters are not cash.
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