How to raise £600,000

fidget · 4 Apr 2011 at 19:58

The Wonga slider only goes up to £400

(btw 4124% APR interest on £600,000 for 30 days is £62,000 :eek:

)

muon · 4 Apr 2011 at 19:58

Get a binding options contract from one of the parties. Then sell this contract to the other party.

So purchase(perhaps for free) a put option from the £1.5m buyer. Then sell this to the asset holder for £900k. However this will put a cash constraint on the asset holder. So instead,

purchase a call option(also perhaps for free) from the asset holder at a deal price of £600k, then sell this option to the £1.5m buyer for £900k.

edit:

This is how options can be used to gain massive leverage.

Pate · 4 Apr 2011 at 19:59

.Kencs said:
Care to tell us what the item is?

Oh sure.

Seriously though, chances of this happening are low as hell, and I bet will be gone by tomorrow. I'm just in a flap as it's theoretically possible.

If only my parents were rich.

Money begets money etc.

Castiel · 4 Apr 2011 at 20:02

kenmare said:
Gee how did I not think of this....

Because the sensible solution is to write IOU £600,000 on one piece of paper and send that.

Your best option, if this is not a scam, is to act as an agent between buyer and seller for a fixed fee/percentage.

This negates the need for you to have capital or investors, both of which you don't have.

As long as it is contractually agreed (you have £1000) between all parties then you will make some cash.

Biohazard · 4 Apr 2011 at 20:02

kenmare said:
Not sure what this is exactly, but it's nothing to do with shares/stocks.

Mixing up white power with cutting agents?

arknor · 4 Apr 2011 at 20:03

why dont you speak to the guy who has it and say you can find a buyer for XXX but you want a small percentage

Pate · 4 Apr 2011 at 20:04

Castiel said:
Because the sensible solution is to write IOU £600,000 on one piece of paper and send that.

Your best option, if this is not a scam, is to act as an agent between buyer and seller for a fixed fee/percentage.

This negates the need for you to have capital or investors, both of which you don't have.

As long as it is contractually agreed (you have £1000) between all parties then you will make some cash.

Problem is there is NO need for me in this deal at all, I'm trying to cut in on what will happen in a short amount of time when some information is available. Thanks for the suggestion though.

Biohazard said:
Mixing up white power with cutting agents?

Haha, I wish. Ah well.

muon · 4 Apr 2011 at 20:05

Castiel said:
Because the sensible solution is to write IOU £600,000 on one piece of paper and send that.

Your best option, if this is not a scam, is to act as an agent between buyer and seller for a fixed fee/percentage.

This negates the need for you to have capital or investors, both of which you don't have.

As long as it is contractually agreed (you have £1000) between all parties then you will make some cash.

Definitely best to simply sell an options contract on. You'll need a decent corporate lawyer though.

Even acting as an agent you'll need a decent lawyer to ensure they don't just ignore you.

sanaxe1 · 4 Apr 2011 at 20:07

kenmare said:
Problem is there is NO need for me in this deal at all, I'm trying to cut in on what will happen in a short amount of time when some information is available. Thanks for the suggestion though.

Haha, I wish. Ah well.

Well there is a need for you. If you are not there the buyer and the seller can not meet so the exchange can not happen. If you act as a agent you could tell the guy wanting £600k that you can get him £1.5million but you want a 20% finders cut. This means the seller is still getting Double what they wanted and you get £300k for doing very little.

Shayne · 4 Apr 2011 at 20:08

Castiel said:
Because the sensible solution is to write IOU £600,000 on one piece of paper and send that.QUOTE]

Yeah but he'll look after it really well, if you send 600,000 x £1 IOUs he might lose a few and save you some money.

mame · 4 Apr 2011 at 20:08

This time next year rodders

DM · 4 Apr 2011 at 20:09

You might have left it a bit late raising the funds if its gone tomorrow

Shayne · 4 Apr 2011 at 20:09

(So how do I only quote some of a previous post, looking above suggests that I got it wrong)

Pate · 4 Apr 2011 at 20:13

DM said:
You might have left it a bit late raising the funds if its gone tomorrow

That was a bit of an exaggeration, I was just highlighting that it's got a limited timespan before it's clear as the world to see.

I know everyone says it, but the deal is as waterproof as it could ever be.

I WISH I had the cash haha.

mame · 4 Apr 2011 at 20:13

Shayne said:
(So how do I only quote some of a previous post, looking above suggests that I got it wrong)

You have managed to cut out "[/" before the closing quote

Jez · 4 Apr 2011 at 20:17

kenmare said:
That was a bit of an exaggeration, I was just highlighting that it's got a limited timespan before it's clear as the world to see.

I know everyone says it, but the deal is as waterproof as it could ever be.

I WISH I had the cash haha.

If the plan was that watertight then you would raise it through family...

I smell BS

Pate · 4 Apr 2011 at 20:18

Jez said:
If the plan was that watertight then you would raise it through family...

I smell BS

My family does not have £600,000 in any shape or form. Its the day and age of mortgage.

cm1179 · 4 Apr 2011 at 20:21

err why not just take the £1.5m make the 600k purchase and then hold up on the delivery, whilst you sort things your end, notify the £1.5m buyer of the hold up, saying you will pay him .... i dunno ... £25k as a goodwill gesture.

i charge 1% btw

DM · 4 Apr 2011 at 20:21

Jez said:
If the plan was that watertight then you would raise it through family...

I smell BS

Maybe not, he aint got time for people to re mortgage etc has he.

Tell me something OP , this thing you want to buy for 600k, does it have a value if your intended buyer falls out of bed?

Pate · 4 Apr 2011 at 20:23

DM said:
Maybe not, he aint got time for people to re mortgage etc has he.

Tell me something OP , this thing you want to buy for 600k, does it have a value if your intended buyer falls out of bed?

Yep. Due to the nature of what is happening the asset is going to increase in value a lot, hence my panic. In a short time it's going to be in demand and I'm going to be fuming.