Norada Capital Management suspending payments

[Paula Impala]

I invested in Norada Capital Management and was coming here to connect with others who have invested. Did not receive my payment from Norada this month (June) and just received the following notification in my email.

Any thoughts or recommendations from fellow investors.  Thank you in advance for any advice or insight.

Dear Valued Investor,

I hope you are well. As a lender (aka “Maker”) to Norada, you are a valued member of the Norada family.
The purpose of this correspondence is to provide you with an update on the repayment under the terms of the promissory note (“Note”) as an obligation of Norada Capital Management, LLC (“Norada”).
As with all businesses, Norada is subject to market factors that could impact its ability to make payments. Due to current market conditions and unforeseen financial challenges, we have decided to temporarily suspend distribution payments. This decision was not made lightly and comes after thorough deliberation and analysis of our current financial position.
This requires us to exercise our right to convert your Note and issue equity (aka membership interests) in Norada. You will recall that your Note allows Norada to convert the outstanding balance owed into equity and that it can redeem that equity in the future by repayment of the Note principal in full. There is nothing required by you related to your Note being converted. It happens automatically upon notice being sent.
As such, this email will provide you notice that Norada has chosen to exercise its right under the Note §6 to issue equity to you in Norada. Your equity is valued at the unpaid face value of the Note plus any accrued but unpaid interest. We expect to be in a position to redeem your interests in short order, and we will keep you posted, as always, on any developments in this regard.

We understand the importance of distributions to our investors and recognize the impact this decision may have on your financial planning. Please be assured that this suspension is temporary. We are committed to resuming regular distributions as soon as our financial situation stabilizes and improves.

Our primary goal is to ensure the long-term stability and sustainability of our business. By temporarily halting distributions, we can preserve capital, manage our resources more effectively, and invest in key areas that will drive future growth and profitability.

In the interim, we are taking strategic steps to strengthen our financial health, including cost-reduction measures, revenue-generating initiatives, and debt restructuring options. Our management team is dedicated to navigating through these challenges and emerging stronger.
We greatly appreciate your understanding and patience during this time. We remain committed to transparency and will keep you informed of any significant developments. If you have any questions or need further clarification, please feel free to contact me directly. (I will do my best to reply to your email in a timely manner.)
Thank you for your continued trust and support.
Sincerely,

Marco SantarelliFounder & CEONorada Capital Management

[Nate Marshall]

Quote from @Mark Bacon:
Very surprised at this turn. I just invested in a Note this past March and received the first few monthly payments. As others have pointed out, and equity share in the note making part of Norada does not seem valuable at all. I've been following Marco for years and his councilors have steered me correctly regarding real estate, so I'll hold off until I find out more. I really hope Marco is transparent with what is going on and not use vague language like "economic conditions" to describe the change of events. The REV pump up pyramid scheme looks like the root of the issue.

 4 posts? So how much did Marco pay you for this? 

[Engelo Rumora]

Quote from @Michael P.:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will increase the interest rate? he is offering to bump his offer from 12 and 15% to 14%and 17%. And if you invest more than 200K you will get an extra 5% bonus at the end for a total of 23% returned in your final year. But you have to act now, very quickly before the end of August to get the special deal! says he invests note funds into 3 e-commerce businesses and 1 Mastermind business and 1 Business that puts on Broadway Musicals. He also focuses on getting investors to use their IRAs, or retirement funds to invest. You can judge the ethics of that request yourself to put into these rock-solid businesses above. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

 Maybe the new podcast episode will drop soon “45% returns limited time only”

Make sure to read down to paragraph 145g of the note agreement “funds will be put on red at the local roulette table”

Actually I would prefer that to investing in Radio Shack 🤔 

Blackjack mate, single deck, El Cortez.

Best odds out of any casino world wide.

Can you card count?

They will let you walk away with a few grand every few weeks.

But you have to act drunk hehe

[Engelo Rumora]

Quote from @Michael P.:

Quote from @Engelo Rumora:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

Hey mate,

Take Engelo Rumora away from Ohio Cashflow and you got zero value.

Unless it becomes a conglomerate like REI Nation with full blown devisions and departments and where the companies longevity isn't solely dependent on a few key operators.

IMO, there is not much value in a turnkey company or turnkey marketing company.

Maybe the brand and client book of business but that's peanuts.

Just my opinion.

 Also the turnkey marketing company is a separate company from the note making company. The note investors are not going to get a slice of the turnkey marketing company I would guess. 

Either way MP, not much value in the turnkey business. It's not even 1x like a law firm or an accounting practice could be.

Even with those you are lucky getting $500,000 exit for $1m in revenue

[Chris Seveney]

Quote from @Jay Hinrichs:

Quote from @Don Konipol:

@Jay Hinrichs

“this seems like a mini private mutual fund.. Marco is very successful in the selling of turn key space so this seems to be a pretty big departure for him.. But I dont know him personally at all or his background . Over the years though I have seen commissions to his firm on my huds for the clients I fund..”

maybe but seems more like a SPECULATIVE hedge fund,   Is THAT what the debt investors signed up for? 

I have no clue what they think they signed up for and as you mentioned I suspect many did not fully understand it. Just like we are seeing in the MF syndication space.. or when Peer st.. went banko  etc etc. devil was / is in the detail buried on page 46 of the offering memorandum.

Although Norada is not unique in branching out to different product since by now they have a monster client base that can easily be marketed.. I have seen different product offered by other Turnkey marketing companies as well.

 sounds like when this was brought up two years ago people knew what they were investing in. 

Norada Capital Management notes (biggerpockets.com)

[Jay Hinrichs]

Quote from @Nate Marshall:

Quote from @Mark Bacon:
Very surprised at this turn. I just invested in a Note this past March and received the first few monthly payments. As others have pointed out, and equity share in the note making part of Norada does not seem valuable at all. I've been following Marco for years and his councilors have steered me correctly regarding real estate, so I'll hold off until I find out more. I really hope Marco is transparent with what is going on and not use vague language like "economic conditions" to describe the change of events. The REV pump up pyramid scheme looks like the root of the issue.

 4 posts? So how much did Marco pay you for this? 

I think Marks post was fair  not sure why one would think he was paid to post that.

[Engelo Rumora]

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will increase the interest rate? he is offering to bump his offer from 12 and 15% to 14%and 17%. And if you invest more than 200K you will get an extra 5% bonus at the end for a total of 23% returned in your final year. But you have to act now, very quickly before the end of August to get the special deal! says he invests note funds into 3 e-commerce businesses and 1 Mastermind business and 1 Business that puts on Broadway Musicals. He also focuses on getting investors to use their IRAs, or retirement funds to invest. You can judge the ethics of that request yourself to put into these rock-solid businesses above. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

The mastermind stuff is legit as someone that I have looked up to and would consider a friend and mentor even tho we haven't connected in a while is Eddie Wilson (Aspire, Think Realty, Power Room, etc...)

Cream of the crop business man, entrepreneur and philanthropist.

Marco is affiliated with them so that side of the investment IMO would be safe to say the least.

Never was a fan of OPM or venture capital.

Raised $500,000 once for a very high risk tech project and got F#$@%ed by my CTO.

Was skimming investors capital from the top that should have went to the developers...

I shut it down as soon as I found out and paid back my investors (Even tho I heavily stressed that they would probably loose).

Now I have someone throwing at me an unsecured LOC of between $250,000 - $500,000 at 12% interest.

Can turn it around quite low risk and double doing deals over 12 months but I'm still hesitant lol.

Just in case something goes wrong, I'd rather loose my own capital that somebody else's.

Call me crazy but it is what it is lol

[Engelo Rumora]

Quote from @Jay Hinrichs:

Quote from @Nate Marshall:

Quote from @Mark Bacon:
Very surprised at this turn. I just invested in a Note this past March and received the first few monthly payments. As others have pointed out, and equity share in the note making part of Norada does not seem valuable at all. I've been following Marco for years and his councilors have steered me correctly regarding real estate, so I'll hold off until I find out more. I really hope Marco is transparent with what is going on and not use vague language like "economic conditions" to describe the change of events. The REV pump up pyramid scheme looks like the root of the issue.

 4 posts? So how much did Marco pay you for this? 

I think Marks post was fair  not sure why one would think he was paid to post that.

Jay, want to give me $500,000 unsecured for 12% interest paid monthly?

I like loosing your money and paying you back personally like before hahahahaha

[Jay Hinrichs]

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will increase the interest rate? he is offering to bump his offer from 12 and 15% to 14%and 17%. And if you invest more than 200K you will get an extra 5% bonus at the end for a total of 23% returned in your final year. But you have to act now, very quickly before the end of August to get the special deal! says he invests note funds into 3 e-commerce businesses and 1 Mastermind business and 1 Business that puts on Broadway Musicals. He also focuses on getting investors to use their IRAs, or retirement funds to invest. You can judge the ethics of that request yourself to put into these rock-solid businesses above. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

The mastermind stuff is legit as someone that I have looked up to and would consider a friend and mentor even tho we haven't connected in a while is Eddie Wilson (Aspire, Think Realty, Power Room, etc...)

Cream of the crop business man, entrepreneur and philanthropist.

Marco is affiliated with them so that side of the investment IMO would be safe to say the least.

Never was a fan of OPM or venture capital.

Raised $500,000 once for a very high risk tech project and got F#$@%ed by my CTO.

Was skimming investors capital from the top that should have went to the developers...

I shut it down as soon as I found out and paid back my investors (Even tho I heavily stressed that they would probably loose).

Now I have someone throwing at me an unsecured LOC of between $250,000 - $500,000 at 12% interest.

Can turn it around quite low risk and double doing deals over 12 months but I'm still hesitant lol.

Just in case something goes wrong, I'd rather loose my own capital that somebody else's.

Call me crazy but it is what it is lol

just secure it unilaterally to your projects if being unsecured bothers you.  simple solution. the issue though is taking it all at once and having to start payments day one.. that can lead to some heavy drag on the money on your side if it takes you a while to find your deals.

[Carlos Ptriawan]

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

@Chris Seveney

Their notes and turnkey real estate business are separate entities. I did view their financials in January of this year they looked good to me. I'm not sure what the economic conditions are.

 Bernie Madoff's 

paperwork looked good as well.

 I would not go to any extent to call it a ponzi scheme because of a paused distribution. There are many reasons why people will pause distributions and many companies go through times where they need to do what is best. I have no data on this but I would bet most of these offerings are not scams in any way shape or form. There is also a big difference from someone who has been doing this for 20 years and someone who started during covid (btw i do not know this sponsor but have heard they have been around a very long time). lets not jump to conclusions

 in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

And for Norada to keep giving investors 12-14% annualized, they need home appreciation to be running 18% and above. Is it possible? not possible. Either his flipper going for foreclosure, or as lender, his LTV is rising to above 100%. Do Note that even aggressive bridge lenders only promise 8% return to investors in the current environment.

[Carlos Ptriawan]

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

[Jay Hinrichs]

Quote from @Carlos Ptriawan:

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

@Chris Seveney

Their notes and turnkey real estate business are separate entities. I did view their financials in January of this year they looked good to me. I'm not sure what the economic conditions are.

 Bernie Madoff's 

paperwork looked good as well.

 I would not go to any extent to call it a ponzi scheme because of a paused distribution. There are many reasons why people will pause distributions and many companies go through times where they need to do what is best. I have no data on this but I would bet most of these offerings are not scams in any way shape or form. There is also a big difference from someone who has been doing this for 20 years and someone who started during covid (btw i do not know this sponsor but have heard they have been around a very long time). lets not jump to conclusions

 in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

And for Norada to keep giving investors 12-14% annualized, they need home appreciation to be running 18% and above. Is it possible? not possible. Either his flipper going for foreclosure, or as lender, his LTV is rising to above 100%. Do Note that even aggressive bridge lenders only promise 8% return to investors in the current environment.

carlos I disagree with you on this many of us create more than 13% returns and have been for years.

[Jay Hinrichs]

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

[Carlos Ptriawan]

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

@Chris Seveney

Their notes and turnkey real estate business are separate entities. I did view their financials in January of this year they looked good to me. I'm not sure what the economic conditions are.

 Bernie Madoff's 

paperwork looked good as well.

 I would not go to any extent to call it a ponzi scheme because of a paused distribution. There are many reasons why people will pause distributions and many companies go through times where they need to do what is best. I have no data on this but I would bet most of these offerings are not scams in any way shape or form. There is also a big difference from someone who has been doing this for 20 years and someone who started during covid (btw i do not know this sponsor but have heard they have been around a very long time). lets not jump to conclusions

 in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

And for Norada to keep giving investors 12-14% annualized, they need home appreciation to be running 18% and above. Is it possible? not possible. Either his flipper going for foreclosure, or as lender, his LTV is rising to above 100%. Do Note that even aggressive bridge lenders only promise 8% return to investors in the current environment.

carlos I disagree with you on this many of us create more than 13% returns and have been for years.

 that can work temporarily with the fed rate running at 0 rate but the moment the wave changes we would see equity being wiped out. 

The 13% is not sustainable. If Norada re-invest to 25% dividend this is just high-leverage ponzi over high-leverage ponzi.

[Jay Hinrichs]

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

@Chris Seveney

Their notes and turnkey real estate business are separate entities. I did view their financials in January of this year they looked good to me. I'm not sure what the economic conditions are.

 Bernie Madoff's 

paperwork looked good as well.

 I would not go to any extent to call it a ponzi scheme because of a paused distribution. There are many reasons why people will pause distributions and many companies go through times where they need to do what is best. I have no data on this but I would bet most of these offerings are not scams in any way shape or form. There is also a big difference from someone who has been doing this for 20 years and someone who started during covid (btw i do not know this sponsor but have heard they have been around a very long time). lets not jump to conclusions

 in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

And for Norada to keep giving investors 12-14% annualized, they need home appreciation to be running 18% and above. Is it possible? not possible. Either his flipper going for foreclosure, or as lender, his LTV is rising to above 100%. Do Note that even aggressive bridge lenders only promise 8% return to investors in the current environment.

carlos I disagree with you on this many of us create more than 13% returns and have been for years.

 that can work temporarily with the fed rate running at 0 rate but the moment the wave changes we would see equity being wiped out. 

The 13% is not sustainable. If Norada re-invest to 25% dividend this is just high-leverage ponzi over high-leverage ponzi.

Well I agree if your one stepped removed from the product but if your the direct principal then 12 to 13% is very doable in our industry.. pretty much every HML today is doing 12 to 15% apr.. And loan written at 12 like most are and has points and said loan pays off in less than one year the returns are greater than 12 and many times can be as high as 20% apr or higher. All with first position notes.

[Engelo Rumora]

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will increase the interest rate? he is offering to bump his offer from 12 and 15% to 14%and 17%. And if you invest more than 200K you will get an extra 5% bonus at the end for a total of 23% returned in your final year. But you have to act now, very quickly before the end of August to get the special deal! says he invests note funds into 3 e-commerce businesses and 1 Mastermind business and 1 Business that puts on Broadway Musicals. He also focuses on getting investors to use their IRAs, or retirement funds to invest. You can judge the ethics of that request yourself to put into these rock-solid businesses above. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

The mastermind stuff is legit as someone that I have looked up to and would consider a friend and mentor even tho we haven't connected in a while is Eddie Wilson (Aspire, Think Realty, Power Room, etc...)

Cream of the crop business man, entrepreneur and philanthropist.

Marco is affiliated with them so that side of the investment IMO would be safe to say the least.

Never was a fan of OPM or venture capital.

Raised $500,000 once for a very high risk tech project and got F#$@%ed by my CTO.

Was skimming investors capital from the top that should have went to the developers...

I shut it down as soon as I found out and paid back my investors (Even tho I heavily stressed that they would probably loose).

Now I have someone throwing at me an unsecured LOC of between $250,000 - $500,000 at 12% interest.

Can turn it around quite low risk and double doing deals over 12 months but I'm still hesitant lol.

Just in case something goes wrong, I'd rather loose my own capital that somebody else's.

Call me crazy but it is what it is lol

just secure it unilaterally to your projects if being unsecured bothers you.  simple solution. the issue though is taking it all at once and having to start payments day one.. that can lead to some heavy drag on the money on your side if it takes you a while to find your deals.

That's why I love you mate,

Your team and Guen make the entire process easy peasy.

"Engelo and paperwork" go hand in hand like a "Cow and ballet" haha

[Carlos Ptriawan]

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

Now we have so so-called real estate company that re-invested investor money into another high-leverage business (outside real estate), if that's not a scam or high-leverage ponzi I don't know what that is. The business yield that high is just impossible to make.

[Paul Azad]

From what Marco Santarelli wrote in a letter. 
Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing
Norada Capital Management offers promissory notes based on 5 business Lines, none of which have anything to do with real estate or turnkey properties. He owns a completely separate Norada real estate investment management company unrelated to the promissory note company, Per his letter, they include three e-commerce businesses, one mastermind educational business, one Broadway musical production business including most recently, a production of a Neil Diamond Musical. (I love "Sweet Caroline") He also clearly states that none of the promissory notes are collateralized with assets from any of these five businesses. It seems doubtful the equity conversion he is offering note investors will have equal value but hopefully investors will recover some Or hopefully most of their Money.

[Engelo Rumora]

Quote from @Carlos Ptriawan:

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

@Chris Seveney

Their notes and turnkey real estate business are separate entities. I did view their financials in January of this year they looked good to me. I'm not sure what the economic conditions are.

 Bernie Madoff's 

paperwork looked good as well.

 I would not go to any extent to call it a ponzi scheme because of a paused distribution. There are many reasons why people will pause distributions and many companies go through times where they need to do what is best. I have no data on this but I would bet most of these offerings are not scams in any way shape or form. There is also a big difference from someone who has been doing this for 20 years and someone who started during covid (btw i do not know this sponsor but have heard they have been around a very long time). lets not jump to conclusions

 in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

And for Norada to keep giving investors 12-14% annualized, they need home appreciation to be running 18% and above. Is it possible? not possible. Either his flipper going for foreclosure, or as lender, his LTV is rising to above 100%. Do Note that even aggressive bridge lenders only promise 8% return to investors in the current environment.

Carlos,

For example, I could comfortably pay 15% annually and maybe even higher.

It's very hands on and very active involvement and consists of doing deals...

Can turn $200,000 - $300,000 over every 2-3 months doing turnkey or even quicker "wholetaling".

Picking up deals lately at 30-40 cents on the dollar.

Ramped up in-house acquisitions as wholesalers suck big time.

List on the MLS for rookie flippers to purchase at 50-60 cents on the dollar and Bobs your uncle lol

Problem with me is the OPM.

It's a responsibility and an obligation and a commitment.

I treat OPM tighter than my own ehhh

I love the saying "If I pay you, then I can F@$# you".

My mission in life is to stop getting "paid" as much as possible.

The next on my list of elimination are investors/buyers.

They are still paying me, thus are still F@$%ing me hehe

Sorry for the brashness lol

[Jay Hinrichs]

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

Now we have so so-called real estate company that re-invested investor money into another high-leverage business (outside real estate), if that's not a scam or high-leverage ponzi I don't know what that is. The business yield that high is just impossible to make.

Carlos I love your posts most of them are over my head when you do your deep dives into certain subjects ..  But again having some personal knowledge of Marco and his real estate operation over the last 2 decades..  maybe a failed investment if it does not work out?.. but a pre  meditated scam or ponzi.. NOPE I simply do not believe that is the case personally..  

[Michael P.]

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

 Why jail? What has Marco done wrong exactly? The investors signed up for this with full disclosure and knowledge that a negative outcome may happen. 

[Engelo Rumora]

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

Jay, I spent $50,000 in legals to raise $500,000 in the seed round.

The legals that have to go into it are F@$#ing insane.

One wrong word and the SEC will throw you in jail.

When I lost the money, even paying back my investors was a nightmare from a legal standpoint.

Can you believe that S#%$???

I had no obligation to pay back anyone and the docs where tight as a tiger.

But still, I had to get my investors to sign off on that they wouldn't come after me for "potential" future gains that they could have expected if my tech company one day could have become 100x and that "was their expectation" hehehe

Crazy, you do the right thing, pay back investors and still have to worry that some gronk will wake up one day and say "Engelo is a wanker" and chase you for a high risk "opportunity cost of what could have been" lol

[Engelo Rumora]

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

Now we have so so-called real estate company that re-invested investor money into another high-leverage business (outside real estate), if that's not a scam or high-leverage ponzi I don't know what that is. The business yield that high is just impossible to make.

Carlos I love your posts most of them are over my head when you do your deep dives into certain subjects ..  But again having some personal knowledge of Marco and his real estate operation over the last 2 decades..  maybe a failed investment if it does not work out?.. but a pre  meditated scam or ponzi.. NOPE I simply do not believe that is the case personally..  

Same here, I doubt he did anything to such degree intentionally.

If anything, it was an honest mistake like so many of us make.

It's a shame tho that the Fed nowadays can throw the book at you and consider almost anything a RICO, tax fraud, wire fraud, etc...

[Engelo Rumora]

Quote from @Michael P.:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

 Why jail? What has Marco done wrong exactly? The investors signed up for this with full disclosure and knowledge that a negative outcome may happen. 

True mate, but you really have to have the paperwork in order big time.

Raising any kind of capital or fund with issuing shares, etc... is all very touchy when it comes to the SEC

[Jay Hinrichs]

Quote from @Engelo Rumora:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

Now we have so so-called real estate company that re-invested investor money into another high-leverage business (outside real estate), if that's not a scam or high-leverage ponzi I don't know what that is. The business yield that high is just impossible to make.

Carlos I love your posts most of them are over my head when you do your deep dives into certain subjects ..  But again having some personal knowledge of Marco and his real estate operation over the last 2 decades..  maybe a failed investment if it does not work out?.. but a pre  meditated scam or ponzi.. NOPE I simply do not believe that is the case personally..  

Same here, I doubt he did anything to such degree intentionally.

If anything, it was an honest mistake like so many of us make.

It's a shame tho that the Fed nowadays can throw the book at you and consider almost anything a RICO, tax fraud, wire fraud, etc...

to lighten up the mood this morning I was just watching the Robert Plant concert in Toledo on U tube.  did you go?.  you know who he is right or maybe your to young :)

[Engelo Rumora]

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:
Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

 I have a feeling that liquidation is just around the corner.  There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O.  Now, it's time to pay the piper.  Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group, 

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will. 

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties  I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ??  Although this investment appears to be quite different then marketing investment houses. 

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

Now we have so so-called real estate company that re-invested investor money into another high-leverage business (outside real estate), if that's not a scam or high-leverage ponzi I don't know what that is. The business yield that high is just impossible to make.

Carlos I love your posts most of them are over my head when you do your deep dives into certain subjects ..  But again having some personal knowledge of Marco and his real estate operation over the last 2 decades..  maybe a failed investment if it does not work out?.. but a pre  meditated scam or ponzi.. NOPE I simply do not believe that is the case personally..  

Same here, I doubt he did anything to such degree intentionally.

If anything, it was an honest mistake like so many of us make.

It's a shame tho that the Fed nowadays can throw the book at you and consider almost anything a RICO, tax fraud, wire fraud, etc...

to lighten up the mood this morning I was just watching the Robert Plant concert in Toledo on U tube.  did you go?.  you know who he is right or maybe your to young :)

Didn't go mate,

In Toledo for a week in early July.

I don't know Robert Plant and am disappointed that I don't know of him lol 

I grew up with my mum being a clean freak throughout my childhood so she would clean all day and listen to ABBA, Boney M, Bee Gee's, The 4 Seasons, Fleetwood Mac, Rolling Stones, Hot Chocolate, etc...

Wish I was born earlier mate

70s and 80s music is the by far the best IMO lol