Does anyone know anything about trading bank notes?
I have a client who owns 16 Onyx Mine Tracks in the USA with an appraised asset value of $4.74 BB. He has given me two scenarios for the future of these tracks. One is a flat out sale, the other is to use the tracks as collateral against a line of credit that will be used to purchase bank notes through a trading company. These notes are purchased in BULK and sold to smaller banks at an inflated rate. At the end of a pre-determined amount of time of doing this he would offer each of his tracks up for sale for $10 per track. Of the two scenarios my client would prefer the later.
I know commercial loans, Real Estate, Mining, Farming, Technology, and many other areas to boot. But I know absolutely nothing about Trading Bank Notes. :banghead Any suggestions or insight would be really helpful.