serious issue

Jimmy you will probably find this a legitimate group.

Condor has taken delivery of financial instruments able to act as additional collateral.

This allows a lower interest rate to be achieved relative to similar un-enhanced project finance.

Masafin Clearing Financial Company has transferred €10 million in face value of Deutsche Bank AG Euro Bonds to Condor’s account.

The bonds have been transferred to Condor to act as additional security for the €10 million loan being made against upcoming cash flow from Marianas. The bonds have a current principal value of €10,618,200.

Phase 2 of the financing is to monetise the instrument backed borrowing. This will be done through a European bank with an existing portfolio of similar loans and is expected to happen in the next 30 days.

The bank specialises in similar bonds. Looks all good to me.