So they are working with their own subsidiary in Seychelles for their funding? hmmm....
"Additionally we would also like to update shareholders on Fortitude's funding. I can report that working closely with our new partners from Pro Cap Funding we are making great progress, and we're very confident the full funding of the company will be in place shortly. We will update shareholders when this is finalized. Our relationship with the group at Pro Cap Funding is very strong, and we appreciate all the work they've done on behalf of the parent company up to this point, and we look forward to seeing them take an even more active role in the future," CEO Thomas J. Parilla commented.
$FRTD - ProCap a wholly owned subsidiary of Fortitude.
ProCap, incorporated in the Seychelles, today announced its launch as a corporate lending company, offering a spread-risk portfolio capital raising instrument with a range of fixed rate interest options, payable monthly, quarterly, annually or compounded interest over a 1 to 5 year term.
The opportunity offered by ProCap is a capital raising mechanism for a portfolio of borrower clients in varying industries such as established asset lending institutions, industrial companies, solicitor's practices and technology companies.
The portfolio strategy is used as a method of spreading risk, with no lending ever exceeding 70% of the total assets available from each borrower client, over which ProCap holds security.
ProCap’s funding strategy is to put its Capital providing clients first, enabling realistic returns from a spread-risk balanced portfolio of borrower clients. The performance of ProCap is of paramount importance, with a strong focus on various risk mitigation strategies.
Alternative capital raising is fast becoming the most popular method of obtaining the most attractive rates of return on subscribed funds. ProCap recognises this and have been one step ahead of the industry pre-the economic downturn, by initiating this method of capital raising which is why ProCap are able to offer attractive returns from a proven model in a safe environment.
Part of an established group, since 2005, ProCap (procapfunding.com) is a professional firm specialising in corporate lending through several methods varying from fixed rate securitised loan notes to regulated mutual funds. Our dedicated team of professionals has many years of relevant experience in the financial markets and extensive experience in successful loan note investments in Asia; we are now expanding our business model.
COMPLIANCE WITH OTC MARKETS Sep 06, 2012 OTC Disclosure & News Service
Las Vegas, NV - Last Friday OTC Markets placed a Caveat Emptor on our stock due to association with a former director. We have been in contact with OTC Markets and are in the process of meeting their compliance requirements. John Stanton resigned from all position in the Company on August 28, 2012.
====== Kent Thomas - Sterling Capitol (with an "o") - seems like his name is on the filings with pinksheets.
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