GSI Securitization, Inc. (fka GSII)

[martingale]

You can start by reviewing this type of document which you should have of course had in the first place but ONLY if you were completely confident their were assets in place to repay. The world is full of those making verbal assurances which turn into nothing but scams and legal nightmares which usually are never resolved especially when dealing with a corporation which has the type of problems GSI has....ie not trading, etc.

http://www.jian.com/software/business-contracts/sample-contract/personal-loan-guarantee-bank.pdf

By the way Gene do NOT EVER accept a cashiers check or money order from anyone which two weeks later go belly up leaving you with the mess....especially if you are to return a portion of the money for some reason during the waiting period. Nigeria is infamous for this type of thing. I once saved a friend from losing $75,000 on such a scam from a so-called foreign government offical....his cut for doing it was supposed to be 50% of the $150,000 cashiers check.

NEVER, NEVER ever loan money to corporations without full legal counsel and an attorney drafting the documentation and even then you are taking a huge gamble. I invest in corporate debt thru
the stock market, jr. debentures, senior notes, secured preferred stock, etc, and even these can go upside down in a hurry for example almost all of Lehmans debt instruments and bonds are worthless, many mortgage companies the same,and one I was looking at the other day:
Ambac Financial Group Senior Debt Securities 5.95% due 2/28/2103
(symbol AKF-NYSE) now it is supposed to pay $1.48 year on a quarterly basis. But the underlying corporation Abac Financial
(ABK) stock is worth only .81cents share. This makes the actual yield 28.3% at the moment but what is the chance of default on
the AKF securities given that? Well, it is really quite high and extremely risky. So remember a few years ago people were paying
$25 per share for AKF to lock in this 5.95% interest yield....now its $5.50 and I wouldn't pay $1 for it.
For those interested in such things go to: QuantumOnline.com
Its free...you need to register but you might learn a good deal from such a site.

Good luck all