Member Info for MaxHSpringer

MadChatter- please go back and read the bb, listen to interview with DS and do some homework.
ALGW will not own anything, ALGW is an asset management company who manages assets and gets commissions and earns fees from its clients'

Euclid- Could it also be a significantly higher number of policies, because assuming you are paying on average 20% of the payout value to buy the policy (from DS interview) and if that $50m also has to pay the policies until they could be claimed. So based on that, you would buy $100m+ in policies with the $50m+ have the money to service the payments until the money comes in. As you are working on averages, there will be those who die before their life expectancy, those who live longer and those who last about the average.
So, in my mind you would spend in the region of $30m or so and based on that 20% average, would say that you would be leveraging $150m in policies! I could be totally off the mark but that's how it makes sense to me.

If you think about it a 50m allocation is not a lot of policies. As a guess, I would imagine that if on average someone sells their policy for 20% of its payout and you take policies that have a minimum payout of say $250k or $500k, then a $50m allocation might be a few hundred policies.
I am using the figures based on research and DS's interview.
Now, remember the investor must continue paying the monthly premiums until the policy holder dies.
DS stated that on average you can work with a profit of 15%. So, in theory a $50m portfolio could field a $7.5m gross profit. However, I suspect that the bigger allocations yeild the higher returns due to the higher number of policies and as such you will stand a better chance of cashing in some policies early on. These type of investments are really a matter of taking it in the mix, but overall the math would work out based on the age, state of health, life expectancy, value of policy, premiums and ultimately how long that person lives for.

Euclid- it was GS who mentioned $
50-100m. This seems to be the industry standard in this field.

IamP- he didn't mention any company and I purposely didn't ask. The two times I have spoken to him have been good conversations and he is down to earth. My impression is that hr is easy to get on with.
I have a lot if exxpense s coming up and can't really spare the cash to put more in as my holding is small and would like to put more in.

I will have the available funds towards the beginning/mid November but fear that it will be too late to buy more at anywhere near these prices :(
I will see what can be moved around as one of the expenses is paying for part of a wedding and everything else that comes with that, lol! However for me this has become a stronger buy!

Hi,

Just to answer a few questions. I am based in the UK and had originally called GS at 3ish but he was on his way out to a meeting. So, he asked me to call him after 2 hrs or he would call me. I was on my way to work and due to the nature of what my current contract is, I asked him if I could call him back at about mid day for him? GS is based in California, so there is a 7hr difference.
As for the allocations, ALGW is an asset management company and clients will allocate funds or assets to the value of $50-$100m for ALGW to manage and then ALGW will earn commissions and/or fees for their services.
This is how I understand it.

Hi, sorry for the delay, I've just gotten in from work.
As mentioned earlier, I was going to call ALGW and try and speak to GS. I called earlier in the day and he asked if we could talk later on as he was on his way to a meeting. Well, I did find some time just after 9PM UK time.

It was a good conversation and gave me the opportunity to get a better understanding of where they are and where things are going.
I realise that he couldn't tell me any price sensitive or inside information but I got among other things not only an idea but enough to see that we are very close to news.
I used the analogy of us giving the company money to go and make us a Thanks Giving dinner (he laughed and kind of played along)

So, they got the money to go and buy a turkey and all the ingringredients (placing) and well the point is he said "there are alot of ingredients". Anyway, its all coming together and table is being set and we will be called to the table soon.
lol!
An important point to make is they are in discussions with several clients and several funding sources and are bringing it all together. The important bit is he said that they are looking at each " allocation of $50m- $100m).
This is magic to me because if they are actively engaging with various clients and funders as an asset management company, then (what sounded to me is a string of deals in the pipeline). He told me news is very soon and to be patient!
I did ask/make a request in regards to communications. He admitted that they could do better but himself and DS are 100% focused on bringing in the business. I did mention that a daft Tweet here and there would be wonderful!
He did say something to the effect that they might or would make more of an effort...)
On the plus side it was clear that Q4 will be huge and he did say that something is happening before the end of the year. A big clue was when he said that people were back from holidays and are in the money making mind set (or something to the effect of mind set).

The point is I now know that we can expect the next deal to be an allocation of $50m-$100m because those are the allocations and things are going to happen rather imminently! He wouldn't be cornered into a specific time but I did mention that they were behind on the timefeames but he said they did the placing (something to the effect of) it being used basically to put the last pieces in place (that's what I took away from his answer). We had a decent connection, but I was on my phone and its stormy aroing here so we got cut off a couple of times.
Anyway the three main points I got were for me:
- allocations of $50m-$100m
- this is happening very soon
- they are active with several parties and there might be a string of quick successions of allocations!
- its all happening this quarter (words used) "before the end of the year", but it also sounded.like imminent and we are going to hear things very soon.
-/they are 100% focused but will make an effort with com

He will be baking brownies, lol!

Haven't played scrabble since I was a kid! I can barely string a literate sentence together, let alone a triple pointer on Scrabble! Hahhahaha

I briefly spoke to GS and was on his way to a meeting, so we agreed to talk later this afternoon. I will be at work and will find some time later on this evening to ring again.

Yep, that boom was a vole farting! James, you crack me up! I just had a thought and what will you do if/when it kicks off (for real)?
Probably need a change of school uniform trousers, lol! Dude, just chill and put the ramp on uce.

James- the last reported transaction was a "buy", over 40 mins ago! Why don't you buy some and get things going, lol?

It could be a mushroom Quiche, chips and salad!

Stretch its only James having a mushroom omelet for lunch!

Reading back, I could have picked a better analogy, lol!

James, shares are like your body's blood! The mm's keep getting new blood and getting rid of old. In about week to four or so, you will have a totally new stock and no trace of the one's today.

MM's do not make their money by holding on to shares, but make their money by having loads and loads of transactions go thru!

Yeah! Will try and call this afternoon, because he is in California!

James- Seriously mate, lay off what ever your smoking because unless GS gives the market a reason to react positively, nothing is going to happen.
Come 5pm you and everyone on the board dissapear, so three cats in a room hardly make a market.
GS needs to give us a progress report because people will soon sell if we only hear from the company, when they want money! I bought shares in Algw because I thought things were a little different and like the idea, but again like an AIM company management aren't bothered about keeping investors up to date.
I will be calling later and will tell GS this.
Don't need a contract but would want a progress report GS.

Morning Stretch; almost missed your post amongst all the others posted here, today! Lmao!

Don't mean to hog up the board, but one point I would like to make though is- ad you pointed out, the placing was several weeks ago and was done specifically to retain certain staff , professional services and ratings. So, I suspect that we are closer than we think!

I don't think they would've raised the money for those reasons, if they didn't have some kind of commitment from a client such as you show me x or provide y and we will sign a deal with you!