Greetings to All:
Wish we had news of deliveries for you. We have not heard much of any rumors and we continue to hope that is good news. There is a rumor of announcements this evening. Many, many times we have heard this statement!!! Again, best we depend on the notice by our donors that deliveries has commenced.
Affiliates, Associate Brokers and Clients:
Good day to everyone. The below memo is being published again, due to the fact, our attorney is receiving calls again. Therefore we have discontinued representation of those clients:
We are experiencing problems with potential clients and existing clients contacting our bank to try and obtain information about funding. The bank trust account merely receives funds with a pre-advice when the client pays our fees. That is after funding commences. Some calls to the bank were reported to say "Cloud 9 Trust is funding us". The bank could consider closing the account, if any more calls are made to them. I regret we have such unsophisticated people in this world of humanitarian funding. Out of over 250 projects, the few have caused serious problems. On the whole, it's fortunate, with a few over shadowing the good. David Maxwell's friend and attorney has been willing to allow Cloud 9 Trust to put forth banking in the Pay Order so we can have clients sign an agreement to pay the required fee for us to represent them in this potential funding!
I am now changing the Cloud 9 Trust policy; returning to our original policy. Cloud 9 Trust must determine if we wish to represent a client. If a client demonstrates difficulty in understanding the process and our function, respecting our position and their responsibility to conduct themselves in a professional and reasonable manner, we could decline to represent them. No matter how good the project appears to be, the client must pass this test. It's a long journey with no promise of funding. To accomplish this decision making process, one of the Cloud 9 Trustees will interview each and every client, receive their submission, and then if we determine the project meets certain standards; interview the Principal and evaluate them for acceptance as our client. When we make the decision to go forward, we will then contact the client. We still will not accept a client unless they provide us with the referring broker.
You have all made my job easier by obtaining the submission docs and in most cases, doing the submission work for them. Thank you. When and if this Prosperity Program begins, we anticipate this funding could continue for ten years.
The clients must understand we submit projects to what we consider viable sources. We have no control over the selection of a project for funding nor can we promise to obtain them funding. We've previously had several projects "to the table", signed contracts and Due Diligence packages provided at great expense, with no financing results. This is not supposed to be the situation with this particular Prosperity Program opportunity. We pray it is all that was represented to be. I've done my best to provide you with sources and information to be informed about this group. Normally, we do not disclose the source until contract. We request that you and your clients understand and recognize that the bank information provided to you by Cloud 9 Trust has nothing to do with project funding. The Attorneys Trust account at this bank only serves to collect Cloud 9 fees. Therefore any calls to this bank or our attorney, prior to funding are unnecessary. If a client or his staff contacts the attorney or the bank, prior to funding, the project will be rejected and we will decline to further represent them.
If we don't continue to submit, we would never be funded. So we continue this road together, aware of the history of project funding, being non-existent, due to re-directed funds used for other purposes. We believe we are doing what we are called upon to do, so we continue praying for the day when evil will be overcome and we will be provided the funds to continue in God's plan. We encourage each and every project to continue to look for funding from all sources as nothing is for sure.
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