RUMOURS ?17 Jan 2015 23:43
WHO needs rumours. The RNS 26th November said all I need to know to invest
"Under the terms of the agreement, Insetco will be paid 1 per cent. of face value of the bonds for providing various administrative services to QIOC and Melken including screening and monitoring of a portfolio of policies. The Company will in addition earn 1 per cent. of the face value of the policies for providing on-going screening and monitoring services. The on-going revenue will be payable in 20 quarterly incremental payments, as the orders are completed, over the 5 year term of the investment and provide the Company with reoccurring income.
First orders for life settlement policies totalling USD$30 million are expected to be completed by 31 December 2014, generating revenue of USD$300,000 for the Company.