Green2V’s Very Curious $500 Million Letter of Credit for Rio Rancho Bonds
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SENT FROM A UPS STORE TO A BUSINESS THAT HAS ITS CORPORATE OFFICES IN ANOTHER UPS STORE
How impressed would you be with a letter of credit from a company no one has heard of, which does not exist according to the California Secretary of State, which has no return address, or e-mail or phone contacts…signed with an illegible signature from an unidentified somebody…sent from a UPS store fax?
Apparently it was enough to impress the Rio Rancho City Council, their city manager and his staff and the Rio Rancho Economic Development Corporation. We have embedded below the letter of credit from GP3 (no address, phone, fax or e-mail) that was sent on a UPS fax line from area code 805 to OCS Capital Group, which then presented the document to the Rio Rancho City Council. As we have just reported, OCS Capital Group itself has its “corporate office suite” in a mail drop in a UPS store on the west side of Las Vegas, Nevada.
Scroll through the five page document. If the document does not immediately appear in the window, just give it a second. Note the following:
- The signature page was sent from a UPS store fax. Apparently an outfit with $500 million to lend doesn’t have its own fax machine. The 805 area code covers counties north of Los Angeles.
- There is no information that would allow the reader to contact GP3–no address, phone or e-mail contacts
- No typed name follows the illegible signatures, so the reader can’t tell who signed.
Letter of Credit from GP3, Ltd., on behalf of Green2V, via OCS Capital Group
Posted under News.
Tags: GP3, Green2V, OCS Capital Group, Rio Rancho
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