Dragon's Den - NAMA proposal

[DCon]

Hi Dragon's, my name is Brian L and this is my business partner Brian C.

Our proposal is simple. The Irish banks have borrowed money on the international markets. They have given most of this money to friends of ours who did a bit of construction but are now left with a lot of land and property that is worthless. The cannot therefore pay the banks back.

Our proposal is to buy the assets from the banks at a price near what our friends initially paid, and then wait for the land and property to be worth more than that and sell it at a profit.

I will now pass you to Brian C.

Going forward, the international markets will have faith in the Irish knowledge and smart economies and fields in Offaly will be worth a fortune, going forward.



Anyone care to supply a Dragon's response?

[alonso]

I'm out.... Of here. To Australia.

[PaddyJoe McGillycuddy]

Is your business plan based on a guesstimate? I'll pass, thanks.

[Cassandra Syndrome]

Interesting Mr C, emmmm. This Special Purpose Vehicle you propose, I keep hearing the whispers of Enron in my ear. Correct me if I'm wrong, please...

[hammer]

And you want us to take a 25% share of what exactly ?

The assets, the loans, the long term economic value ( which is ? )

[charley]

''youse didn't really think this through now ,did you lads.
go away now and come back in ten years and tell us how you got on''

[The Lighthouse Keeper]

IMF: I'm in for 100%

[MPB]

Can you do me a favour and hold this grenade for me, while I just f.uck off.

[Fr. Hank Tree]

Sounds good. I'm in. My other investments include the Sinclair C5, Coke2 and Delorean cars.

[markeys]

"I'm sorry. The comedy club is three doors down."