EFP (Equity Financial Planning) is the property ownership arm of Butterfield's. He has removed IPX as the sole member/manager of EFP and replaced it with a brand new LLC - Savdot, LLC.
Get's confusing - and how the hell can he be allowed to set up any new LLCs is beyond me - but Savdot has 3 members, all Butterfield LLCs. Those are - Rising Sun Investments, RIA Advisory Solutions, and Daphilip.
He has a new statutory agent / counsel for EFP, too.
Is he "properly protecting" the EFP assets, separating them entirely from the IPX judgment?
Or, is he planning an exit - bankruptcy ? - of EFP? I think, with IPX as the member of EFP, the court would deny a bankruptcy filing from EFP. It has to do with IPX and the consent order.
AND what the heck is going on with THIS? -
He issued 50 of these DOTs to his Dabutter LLC on August 30 on properties owned by EFP. I really don't get how he could do this, or what is the purpose of them. Part of her "properly protecting" advice? I don't know how this is even legal! If I had a DOT with him, I would want some answers - NOW.
Just stop bothering the “wizard behind the screen”!
Magic is going to happen! Just you wait.
Daniel Butterfield is going to turn out to be an HONEST MAN and pay back the investors and with interest.
Follow the yellow brick road........to the “Esmeralda City”. 😂
Put on your thinking caps........ if EFP declares bankruptcy, the properties are sold. If a property actually sells for more than the encumbrances of the other DOTs and tax liens, that leaves some $ on the table. BUT, if Daniel holds a paper DOT on that property (that he never paid for) guess who gets that extra now? Oh Danny Boy does, that's who.
So....where did db get the over $14 million to have those 50 DOTs?