By Jacob Wolinsky. Originally published at ValueWalk.
Editor’s note – I get lots of emails and in particular pitches – this one did not hit the spam box like most Nigerian prince scams and it seems to be legit (from a very quick look) – legit at least in the sense that the founder of MAGNETT believes in the idea.There is a 25 page presentation attached with projections claims of patents and what not. I would not have posted this pitch but was sent the same pitch four times this week (and i am sure others also received the pitch) and it just really grabbed my attention so figured why not! What is also interesting is that every-time besides updating the date its the EXACT same title and even says “good morning” even though every time the founder sent this it was not morning in either Maryland or Bangalore. I admire the persistence and the guy is only asking for $3B (at first) for a trillion dollar business revenue idea – the founder thinks that it could hit $33 trillion in rev a year (os S/T like that) so $1 trillion is a lo – by comparison Wal-Mart does a mere ~$480B in revenue a year – move over Walton family! – so maybe check it out! LOL! But regardless as always speak to your investment advisor first and caveat emptor!!
MAGNETTT – A $Trillions-Sales Business Plan; Three-Times Return On Investment, On Going Public! by Bukinakere K. Nagendra
This Investment Request Letter addressed for the Attention of All Billionaires, Millionaires, VCs, Equity Funds, and Great Investors in your Mailing List. If you are an Investor, I am glad to welcome you and your great Team to invest, as it returns 3 times the Investment in 3 years! I also request your kindself to forward this Appeal to all Large Investors on your List, for the good of all! I really appreciate your great help!
Bukin K. Nagendra. Inventor/Founder
To:
All Billionaires, Millionaires, VCs, Private Equity Funds, and Great Investors:
Dear Sirs/Madame:
Re: A $Trillions-Sales Business Plan; Three-times Return on Investment after 3 years, on Going Public!
Among famous Investors in the world, you lead them all! Everything in the world is sustained by bold leaders like you! I pray Almighty to be with you always in your great Ventures and protect you with Blessings of wealth, joy and a long-life! As you know, upto now, no Business Corporation has a budget of $Trillion! I have enclosed the Business Plan of my Invention: MAGNETTT™ Transit System herewith for your kind perusal. The Plan has the potential to create a $Trillion budget firm! Because you are most efficient in making things happen, I am seeking your Start-up Maximum Investment for this Project and I will see that you receive three times your Investment in the form of Stocks of the to be formed MAGNETTT™ Corporation, within 3 years! Minimum Investment is $10Million for all Citizen Investors. If your Investment is $1Billion, you will receive its Stocks worth $3Billion; and if you are investing $5Billion, you will receive Stocks worth 15Billion!
MAGNETTT™ Transit Tracks Technology
(Please refer Drawings: Page 7)
I have invented this System of Transportation and have enclosed the Prov. Patent from the U.S. Patents Office, and its Drawings for your kind reference. Millions of Vehicles of all types belonging to Citizens, Businesses, Military and others reach thousands of miles of Destination with no gas used; Fewer accidents and more lives are saved; Fewer Emissions all over the world in heavy traffic Routes! Citizens get to use their own vehicles at departures and destinations; It provides better health for all and Environment is protected; No touching of the Tracks and so, less cost of maintenance; Implementing Nations create more Employment and earn more Revenues! Businesses and Citizens save time and money in shipping; Inflation will come down, with advanced Infrastructure and millions of well-paying jobs!
The Initial Costs needed are: registering tens of patents of this unique System, protecting them, creating prototypes, testing the models in a large Stadium, manufacturing the actual MAGNETTT™ Tracks, laying them on a 30-mile track, for demonstration to the public around the Washington DC Area. ‘MAGNETTT™ Llc (to be registered), handles all Initial tasks including going public, as ‘MAGNETTT™ Corporation’.
To initialize all these activities, now, MAGNETTT™ requires funds Initial Funds as follows:
- i) Preparing many Prototypes of the System; …… ($ 3Billion)
- ii) Creating running models of the MAGNETTT™ in a Stadium: ($ 3Billion)
iii) Manufacturing of the MAGNETTT™ Tracks: … ($ 50Billion)
iii) Demonstrating the System on a 30–Mile Route: … ($149Billion)
- v) Miscellaneous Costs … … … … ($ 15Billion)
Initial Year Required Funds: … … … … $220Billion &
2nd to 5th Year Funds Required @ $220B p/y: … … $880Billion
Total Funds Requirement for the first 5 years: … $1.1Trillion).
MAGNETTT™ Corporation
(to be formed)
As the Inventor of the MAGNETTT™ System, to plan and assist all Nations implement and install the System, I will take it public as MAGNETTT™ Corporation. It would be a several $Trillions worth firm in the future with its manufacturing of MAGNETTT™ Tracks™ and related parts of the System for worldwide use. For the good of every Citizen and Nation in the world, I will humbly dedicate 50% of my upcoming MAGNETTT ™ Corporation Stocks to all Citizens and Nations of the world, and make all of them its Stock Holders. Details of the balance of the rest of the Stocks are shown herein:
MAGNETTT ™ Corporation Details of Stocks on Going Public
(All Information in this Letter is in the Formation stage only and is subject to change without notice)
The face-value of the Shares of all types would be $90/- each. Of the total planned Stocks, 50% I will dedicate to all Citizens and Nations worldwide. Citizen Shareholders and Nations need not pay for it! As and when the Dividends are declared, those Dividends would be adjusted towards the face value of these Shares until they are fully paid up by the accrued Dividends. Once paid up, all these Stock Holders get to enjoy the Dividends of these Shares, whenever declared. As the MAGNETTT™ System reduces the fiscal burden of Governments, improves health of Citizens by reducing air-pollution on high-ways, enriches each nation and its citizens, and creates an unique joint-ownership bond between Citizens and Governments, IRS of all nations’ would be requested to declare the MAGNETTT™ Corporation and all Investment activities, Revenues, and Dividends as Tax-exempt, as a special case!
a) 30% Citizens Stocks (Non-Tradeable): These 30% Stocks would be allotted to all Citizens of all Nations, one per citizen. Those who can afford to pay may pay it right away. The Dividends would be credited towards the face value of the Share until it is paid up in full. Once paid up, the next Dividends would be credited to the personal Savings Bank accounts of all Citizens, wherever they request it.. These Stocks are not investable by the public. Each Citizen would be allotted a GPM Number (Global Prosperity Member #), by ™ This type Share cannot be sold, pledged or exchanged, and it would be owned by the particular Citizen until the end of his/her lifetime. When new babies
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