While visiting the United States last
week I was privileged to be invited to a very exclusive meeting of Wealthy Businessmen. These people (32 in attendance, 35 invited)
gather every year in total seclusion.
The rules for membership are simple.
·
One has to be a self-made
billionaire.
·
All businesses and wealth must be
legal.
·
Only men are allowed.
·
Secrecy and discretion must prevail
(There were no cameras, recording devices, computers, cell phones, tablets, or
smart phones.)
·
The invitation is only good for one
year and it’s voted on the last hour of the gathering. (I was asked to leave
before this took place)
I was invited for only one purpose – to
discuss the opportunities currently available in Panama. The primary moderator had my resume of
experience as a turn-around specialist and they knew I have lived in Panama for
the past eight years.
Their interests are unified; they
want to purchase businesses with good cash flow and at least double digit
annual profits. (EBIT)
Real Estate does not interest them
unless it is necessary for the operation of the business. (Example: a farm, plantation, or dairy).
These people were very adamant; they do not develop or build!
Some examples that would be of
interest:
·
Banks with multiple branches
·
Casinos ( stand alone)
·
Upscale hotel chains
·
Cell Phone companies
·
Internet Providers
·
Mortgage companies
·
Food or drink processors (includes
dairies and fish plants)
·
Grocery chains
·
Wholesale grocery suppliers
·
Brewery/distribution
·
Distiller or winery/distribution
·
Sugar refinery/distributor
·
Rice processor/distributor
·
Petroleum distributor
·
Energy provider (utility companies)
·
Alternative energy provider
·
Hard goods Manufacturing
·
Radio and Television chains
These are just a few of the ideas
they suggested to pursue. The Price tags
on these businesses have no ceiling but they must be priced according to
international business standards and acceptable accounting practices.
The minimum submission is Twenty-Five
Million dollars!!!
·
NOTE: as a sidebar, I was instructed
to review all proposals, submit a written opinion as to value, and to forward
those that pass my inspection to my intermediary assigned me before I left. Once he reviews and passes on the offering,
he submits it to a committee of the group. (Members who have been active with
the group for at least five years.) They make the final decision to proceed or
abort.
·
FORMS OF PAYMENT: Cash, Corporate Bonds Government Bonds,
publicly traded common stock, publicly traded preferred stock and debt
instruments created for expressly for said transactions.
FYI, here is the breakdown of the
nationalities involved: 4 German, 1
French, 2 Swiss, 1 New Zealand, 1 Brit, 2 Mexico, 2 Brazil, 5 Canadians, 1
Israeli/American, and 13 Americans.
ISTHMUS TRADER HAS BEEN REACTIVATED
Isthmus Trader is also providing bi-lingual
sales and marketing services to businesses in Chiriquí and Panama City. For
further information, contact Robert
Hatting (507) 6-809-4510.
