1)Frank baby is acting as middleman or agent not principal.
2)Funding entity is getting it’s money from an offshore bank, somewhere were no regulatory authority can get access to financials.
3)Conditional on up front establishment fee, imagine just 1% of the total funds! Although to be fair not as much as the 1% BHPB paid for the $40 Billion finance not taken up for their RIO takeover.
4)Condition precedents running into many pages not previously mentioned.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held