Cranberry Evolve 25M $26.50 all in; Long Beach, CA (not CT or RevoSoft) failed buyer

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

 

Product sells quickly. You should not spend money drawing up legal paperwork to reserve the product for your client until you ask if it is still available. Email sales@patriot.health to inquire. Available product can be reserved by submitting a LOI/LOA/ICPO. 

2 Comments

  1. PAP on April 6, 2022 at 9:27 am

    Our company is a large quantity Cranberry buyer. Kindly send your contact details to discuss availability today. Thank you.

  2. admin on April 7, 2022 at 9:38 pm

    This lot sold. I would suggest targeting a different lot. Also, add your email to our notification list

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Product sells quickly. You should not spend money drawing up legal paperwork to reserve the product for your client until you ask if it is still available. Email sales@patriot.health to inquire. Available product can be reserved by submitting a LOI/LOA/ICPO.