Hello Pezz, Today's Report:
<<DPW>> I actually thought about capturing some when it was at 2.01 a day ago, but as I was bushed, as in tired that night, and I thought DPW might drop some more, I held back the pulling of the trigger. I thought DPW could just as easily drop as it rose, for equally inexplicable reasons :0)
I am working quietly at home, on a revised business plan pertaining to a scheme (do you still remember our discussion regarding that word?) that that I had pondered on long ago Message 16304822 <<September 5th, 2001>>.
We have made great progress since those early days, and have (a) satisfied ourselves that the scheme is sound, (b) located an able and experienced managing director willing to head-up the startup (US/Mexican, fortune 500 outsource service experienced, speaks fluent Chinese, located in Shanghai), (c) figured out all the nitty gritty of focus, structure, phasing, economics and risk management, and (d) ascertained that there will likely be Chinese partner entity willing to join us before China nationwide rollout if/when necessary/appropriate.
Just as we were about to push the “Go” button, some bank offered to buyout our HK-based partner, the existing corporate services business, and so we got involved in a sale/purchase negotiation for the China rollout scheme. The bank will pay us an upfront fee for the work we have done to date, fund 100% of the rollout cost, inclusive of our fees for work over the next two years, in return for 51% of the rollout, and leave us shares to enjoy and to doll out to other necessary friends, allies, and helpers.
Yes, it is a “pay me for the idea, pay me to try out the idea, and reward me if the idea works” kind of scheme.
On another front, I continued selling off the share that I must not yet mention, reducing equity dollop by tranche and increasing cash tranch by dollop, preparing for the storm that will surely be. With each and every sales confirmation, I feel lighter, more storm-ready, and better able to react to opportunities that are born from crisis.
Chugs, Jay |
