Archive for March 2022
Cardinal Flexal 100K to 500K per month Air Freight
Cardinal Flexal
Seller has 11M allocation for 2022. Can airfreight up to 1M per month to a warehouse in your buyer’s home town. Must be an international airport with the ability to do customs as the product is flown in from Malaysia.
SOP
- ICPO (Patriot Health LLC has the seller’s name and address for your ICPO)
- FCO returned signed and filled out from the Seller
- Need the FCO Signed by the Buyer
- Seller provides a LOA about the product and these procedures. Attestation under perjury.
- Seller requests an easy POF: BCL or Bank Statement. It’s friendly, so a screenshot works too.
- SGS is offered to the Buyer before the product leaves Malaysia.
- Buyer puts money in Escrow. Third Party Escrow or dual signature escrow.
- Seller Provides the Airway Bill.
- Product lands near the Buyer and is sent to a local warehouse where it is palleted and wrapped for inspection
- Buyer Inspects and Pays
- Buyer removes the product
Pricing
- Base Price for the Seller not including commission 100K $23
- Base Price for the Seller not including commission 1M $22.50
Commission Structures
- Recommended commission is 25 cents regardless of the amount/volume.
- Seller doesn’t want to see a broker trying to make more money than the seller who has millions of dollars on the line.
- This requires a small broker chain otherwise the 25 cents isn’t enough to cover the buy side intermediaries.
- Goal is to have a repeat monthly order creating residual income for the brokers involved.
- Patriot Health LLC starts the buys side and is direct to this seller acting as a seller mandate.
Cranberry Evolve 25M $26.50 all in; Long Beach, CA (not CT or RevoSoft) failed buyer
Cranberry Evolve
THIS LOT SOLD. WE LEAVE THEM UP ON OUR SITE FOR SEO AND A HISTORICAL ARCHIVE OF THIS INDUSTRY.
25 Million OTG
Long Beach, CA area
SOP:
- NCNDA from seller. Seller sends it out. Important for the seller to do this.
- ICPO/KYC/AML — Due Diligence by Seller, vetting attorney will contact buyer attorney if needed for DD
- Get the lawyer to write an LOA that the buyer has strong funds and is RWA
- IMFPA/Escrow Agreement/SPA (within the SPA the buyer can change the escrow language with a direct wire if preferred)
- Buyer moves money into the buyer’s attorney Escrow.
- SGS Provided
- Warehouse Inspection
- Upon Inspection, Buyer Wires Total Balance / Title Transfers
Notes:
- This is a failed buyer. Will sell in the next 24 hours. Ready for inspection Thursday.
- Buyer’s Escrow needs to be funded and then they will allow inspection. LOA from buyer’s attorney get’s inspection in 24 hours.
- Patriot Health LLC is talking to the seller mandate with one group in-between.
- $2.41 commission built into the $26.50
- 50/50 split Seller and Buyer side
- 44% of the 1.205 is available for the buy side. (Don’t ask me why. Sellers decision.)
- No Mandate Box. The commission is split three ways.
- 1/3 to Patriot Health LLC .35
- 1/3 to Joes Group .35
- 1/3 to Various Intermediaries .35 (Everyone is fitting into this box. Only one person in there currently named Bill.)
- Currently, there are three boxes and 35 cents open.
- The price can be increased to $27 all in and the extra 50 cents would be added to the buy side commission structure and then divided into fourths creating a new box for you and your broker group. In that scenario the boxes would look like the below:
- 1/4 to Patriot Health LLC .39
- 1/4 to Joes Group .39
- 1/4 to Various Intermediaries .39
- 1/4 to Your Broker Box .39