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Selling 10% of my site for $10,000. I will buy it back for double within 6 months

Discussion in 'Sites' started by shah2k, Mar 29, 2007.

  1. #1
    Hello.

    I need to raise some money quickly. I have a site that gets millions of views a month and has lots of members and is worth around $150,000.-$200,000.

    I need about $10,000 and in return I will give you 10% of my site.

    I will also buy it back for double the price within 6 months.

    Please pm me if you are serious and I will give the sites url, and other info.


    Serious inquiries only. Please do not pm me or post here if you do not have the funds to close this deal.

    I am in NYC, not in Nigeria and not a relative of some deceased king.
     
    shah2k, Mar 29, 2007 IP
  2. Raithe

    Raithe Well-Known Member

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    #2

    ...oh, nevermind then.

    Just kidding. :). Good luck with your thread.
     
    Raithe, Mar 29, 2007 IP
  3. shah2k

    shah2k Peon

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    #3
    thanks.

    ill be away for this weekend so i might not answer the pms but please send me pms and ill respond to them as soon as i get back
     
    shah2k, Mar 29, 2007 IP
  4. 24abc

    24abc Guest

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    #4
    pm details.
     
    24abc, Mar 29, 2007 IP
  5. adamm

    adamm Peon

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    #5
    Interested, please pm me the details. :)
     
    adamm, Mar 29, 2007 IP
  6. sanjay369

    sanjay369 Active Member

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    #6
    Minority interest in a site is worthless- I don't expect anyone will do the 10% deal.

    PM me details and if I like what I see, I will loan you $10,0000 with your website as collateral. If you don't repay $20,000 within 6 months then the site is mine.
     
    sanjay369, Mar 29, 2007 IP
  7. marclindsay

    marclindsay Peon

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    #7
    Also interested please pm me details.

    We invest in quite a few different projects online.

    Regards
    Marc
     
    marclindsay, Mar 30, 2007 IP
  8. n-james

    n-james Well-Known Member

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    #8
    sanjay369 has made an interesting offer - could be worth considering.
     
    n-james, Mar 30, 2007 IP
  9. KyleVarner

    KyleVarner Peon

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    #9
    I believe that a court would consider this a usurious loan, thus you would never be able to take the site if he didn't pay because a court would rule that he doesn't have to pay you back.
     
    KyleVarner, Mar 30, 2007 IP
  10. blueboxer

    blueboxer Active Member

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    #10
    It would work. He would have to give over the site. They do it all the time. Or he could just put a lien on the business or sue the person. It would work if he wanted to do it that way.
     
    blueboxer, Mar 30, 2007 IP
  11. zero32700

    zero32700 Member

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    #11
    You cant charge interest on a personal loan like that tho, charging that about of interest is illegal. 200% return in 6 months... kinda like loan sharking.
     
    zero32700, Mar 30, 2007 IP
  12. draugs

    draugs Peon

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    #12
    Please pm me details!
     
    draugs, Mar 30, 2007 IP
  13. draugs

    draugs Peon

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    #13
    besides how can we track how much we will get?
     
    draugs, Mar 30, 2007 IP
  14. beautyinmd

    beautyinmd Peon

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    #14
    What about if the person gets all income generated by the buisness for the next 3 months- So they are at least seeing their 10k to use- If it is a 150k buisness then it should be generating money- If I lend you- I've got to be put on the company's llc docs or inc docs
     
    beautyinmd, Mar 30, 2007 IP
  15. csite

    csite Well-Known Member

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    #15
    you put a value on your site of around 150,000 - 200,000 dollars, first of all, your valuation has a difference of 50,000 dollars which makes me think this isn't a serious professional valuation, second, you are giving no details of guarantee that we would get 1 cent of that money back. The fact that you live in america doesn't make me feel any safer, plenty of fraud is done in america.

    If you need the money, try digipawn or some similar service, pawn your domain or site for a couple of month then get it back.
     
    csite, Mar 30, 2007 IP
  16. tke71709

    tke71709 Peon

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    #16
    It would be illegal in Canada, and most likely the US as well.

    It's simply illegal to charge that high of an interest rate, it's written right into our criminal code.

    Illegal contracts cannot be enforced, so the contract would be useless.
     
    tke71709, Mar 30, 2007 IP
  17. homeloans1

    homeloans1 Peon

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    #17
    You said that you can pay back double (20k) within 6 months.
    So in my opinion your web site has an approx. net income of 20k divided by 6, a bit over 3k dollars.

    A forum with a few million monthly page views.

    Sounds like you are a kid with no experience to offer such shady deals (10 percent with no guarantee, a 100 percent semi-annually interest rate, ....etc).

    Who da hell cares if you live in New York area where corporate crooks also live, the vast majority of fraud is committed by American citizens, you should rather claim that you are Finnish and living in Laponia with Santa Claus.

    What are your credentials? (we don't care that you hold a US id card and a rental contract in Brooklyn)

    Good luck :eek:
     
    homeloans1, Mar 30, 2007 IP
  18. dotcom360

    dotcom360 Peon

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    #18
    Quite an interesting thread....
     
    dotcom360, Mar 30, 2007 IP
  19. Papworth

    Papworth Peon

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    #19
    Drop me a PM with all the details. ;)
     
    Papworth, Mar 30, 2007 IP
  20. turhapuro

    turhapuro Peon

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    #20
    Homeloans1, there are many people on these boards that are from Finland. Yeah i do know Santa Claus and if you don't correct your statement, you'll get nothing for next chrismas.

    Sir. Turhapuro (It's dangerous to insult a finnish man or woman)
     
    turhapuro, Mar 30, 2007 IP