Tumbles Financial Complex 2.0

The Plan:

A set of investors and I have reached out to @Tumbles with the following offer, which might be sufficient to restructure the debt on this market and bail out the Tumbles Financial Complex. Each of the steps is contingent on the previous steps but we are confident that we are hopeful that this matter can be resolved with the respect, integrity, and transparency that it deserves.

1) Any and all loans will be transferred in ownership from @Tumbles to a new account, titled Debt_Restructure_Ledger_A, created jointly between a voting panel of at least 3 of the lenders, Tumbles, and a third party arbitrator. This will require (obviously) the consent of the lenders. If there are individual outstanding loans that refuse transferal, that will be handled on an ad hoc basis to avoid such issues causing the total collapse of the deal.

2) Tumbles will then owe the full sum of loaned mana to Debt_Restructure_Ledger_A, which will in turn owe the full sum of loaned mana to each of the lenders. This restructuring frees up the joint entity to negotiate with lenders on @Tumbles behalf. These negotiators can then ensure that lenders get the best deal possible, while also ensuring solvency and continuity of the entire enterprise.

3) A second financial entity will be created, Debt_Restructure_Ledger_B, which will be used to hold all debt which is in arrears. In order to ensure that each lender is paid off in time, money from the settlement fund will be sent back to the lenders, matching precisely the amount transferred from Debt_Restructure_Ledger_A to Debt_Restructure_Ledger_B. This ensures proper accounting, and full transparency for arrears debt which is owed from Debt_Restructure_Ledger_B to Debt_Restructure_Ledger_A (with 5% interest monthly).

4) Investors will be sought to purchase the debt in arrears in Debt_Restructure_Ledger_B. This financial arrangement can earn a zero risk 2% interest monthly, allowing the extra 3% of interest, paid back from Debt_Restructure_Ledger_B to Debt_Restructure_Ledger_A to be put towards payment of the lenders from Debt_Restructure_Ledger_A.

5) A second set of investors will fund Debt_Restructure_Ledger_A up to 33% of the outstanding debt with which to negotiate with lenders to restructure or eliminate debt. We believe this will be adequate to eliminate most debt, as this could still give many lenders a positive return on their principal investment, and many others will be willing to negotiate the return of their principle or longer-term repayment plans.

6) Another financial account will be created, Continuity_Endowment_Ledger. This account will be funded by a set of investors, and will begin to issue loans with a 4% monthly return of a still-very-low risk profile (mostly the interest on escrow payments collected early from the resolved loans from Debt_Restructure_Ledger_A to the initial lending parties).

7) Debt_Restructure_Ledger_B and Continuity_Endowment_Ledger can act as market makers, establishing oppositional positions in long-term markets, earning both accounts 1.5% interest daily. These loans (summing to 45% of the principal monthly) can be then used to provide loans (at 7%, of a still-quite-low-but-slightly-higher-risk profile) to investors. 7%*45% = 3.15%. This 3.15% of the total principal sum contributed by investors is larger than the 3% interest required to fund the repayments from Debt_Restructure_Ledger_A, ensuring solvency of the entire enterprise!!! This combined enterprise will be referred to as the Settlement_Fund_Ledger

8) The extra 0.15% monthly (the difference between the inflow to Debt_Restructure_Ledger_A from the Settlement_Fund_Ledger will be transferred to @Tumbles over time for licensing of the Tumbles Financial Complex brand.

9) Profit

10) Pay Investors back