21 May, 2018 13:50
TIER 2 EXCHANGE
I spoke to a group this morning that was part of a Tier 2 exchange coordinated by a network of 1,500 lawyers. The lawyers are dedicated to ensuring that every aspect of their exchange goes off without a hitch. They already have 8,000 projects that have been vetted and approved to ensure they are real and meet the guidelines established.
In my experience, even one lawyer can be a challenge to come to an agreement with, let alone coordinating the efforts of 15 Hundred. So I’m certain they have covered all of their bases and everything is 100% above board and legally grounded so that there are no issues.
It’s a ZIM Bond exchange so the amount of money about to flow into the system should be formidable. It’s an exchange with the White Dragon family so there’s the added comfort of knowing the very ones reported to have our best interests in mind have already agreed to release the codes when the final paperwork is submitted. The deadline was adhered to and the Royal Bank of Canada has signed off.
That being said, if Tier 2 has already finished paying out, then why is such a prepared group still waiting to exchange?
Source: Project SPEAK