2. Your post completely ignores the fact the MArco/Norada continue to seek funding today without disclosing the problems that they are experiencing. For my fellow small investors.
Now the facts for those of you who ARE fair minded:
Notice the dates !!
His “form” email on June 20th, 2024 begins like this:
Dear Valued Investor,
Thu, Jun 20, 2024 at 7:30 PM
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 ls 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…………..
…………
Thank you for your continued trust and support
Sincerely,
Marco Santarelli
Founder & CEO
Norada Caprtal M«magement
Please note the date! June 20th, 2024. Know that there were no other emails sent about any problems. Quite to the contrary !! Marco Santarelli CONTINUED TO SOLICIT MONEY, both before and after. One week to the day that he informed his previous investors (again which he writes in his June 20th, 2024 “family” but probably thinks are “suckers”) he writes us this email soliciting more money:
From: MarcoSantarelli
Subject: Secured Note/ 17% Interest /12 Month Term
Date. June 27, 2024 at 4:21:30 PM
Secured Note I 17°/o Interest I 12 Month Term
My partners and I are raising $5 million of short-term expansion capital for the MoneY.
Is Mastermind, our exciting and profitable growing business.
We have roughly 1,900 paying members with a current valuation of $43 million. We are cash flow positive and project a profit of over $6 million this year.
We are only looking for a small number of investors. Here are the terms:
• 12-month term
• 17%Interest(Annual)
• Quarterly interest payments
• Securedbyequity(not real estate-based)
• $250k minimum investment
• First-come basis
Feel free to book a short 10-15-minute call if you're interested in learning more.
Marco Santarelli
Partner, Money Is Mastermind
Book a 15-Minute Call With Me Here
----~---------
Please notice that nowhere does he mention in his new solicitation the problems his business is encountering in the previous week’s e-mail !! Or that he can suspend interest payments at will.
I have original copies of NOT ONLY both of these emails but also screen shots of Mr. Santarelli/Norada continuing to put out videos and web requests for funding without disclosing the difficulties he has already acknowledged in writing !! I am collecting all this data in order to ask for an investigation so it can be determined by the authorities if there are any leal consequences.
My purpose here is only to give other small investors the opportunity to have all the information which they are not disclosing so they can make an informed decision, something no one did for me.
I will close saying as the stock market indexes hit new records every week, it is really rich of you to try the BS that you write in your email. You may want to live in a world of Wild West, anything goes business (I won't mention the orange haired political elephant in the room) but I assure you, your ignorant, uninformed, and weak defense of this sort of activity is not common. We will soon see what the financial authorities have to say. I am confident that THEY will not ignore bad and/or possible illegal behavior !!!
