Friday, May 17, 2019 8:19:59 PM
RICH RICHMAN JR
RICHMAN ENERGY
"Rich is a visionary that can "fast forward" on any idea or concept for a profitable outcome for everyone. I am blessed to have met the man."
https://www.alignable.com/forest-hills-ny/the-daniels-companies-of-new-york
https://www.alignable.com/addison-tx/richman-energy
The Payless model is expected to generate immediate positive cash-flow in both of its two business segments and is expected to be asset-rich as well. The subsidiary company is seeking $5 - $6 Million in secured debt financing that can be amortized over a 48-month period at a 20% APR interest rate. In order for the individual investor to participate and benefit from this type of financing, we are incorporating a Truck Buying Trust within the Payless Subsidiary. As a separate incorporated entity, the Trust will hold the Trucks for the benefit of the trust investors and it will be subject solely to the financing of the trust entity. This financing includes direct debt financing and convertible preferred stock. The senior management of the Parent ("DCAC") and the operating management of Payless will manage the Trust, and purchase and place the 140 trucks at the rate of 10-12 trucks every month for a year. The monthly truck purchases are expected to have a total monthly capital cost of $500,000 including working capital.
https://www.globenewswire.com/news-release/2018/08/14/1551753/0/en/Daniels-Corporate-Advisory-Company-Inc-DCAC-Announces-Its-Premier-Subsidiary-Deal-is-Operational-and-Profitable.html
$DCAC
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