Jeff
I am getting checks last two months
I am getting checks last two months. I told Matt I did not want checks. To leave in account after first time. I have destroyed both. I still have no response on it. I also let Matt know I wanted to discuss rollover of 401k money. He told me two different times he would respond and did not. My third email was never responded to. I think Matt is nice, but has to big of a work load and needs some help.
Response from Phoenix Energy One, LLCAug 24, 2022
I'll be the first to admit that Jeff is 110% correct here. I got extremely busy and did not get back to him in a timely manner, which is completely my fault. The bonds are $1,000 each and since we are not a bank we are unable to just hold cash, or apply the interest into re-investment since we cannot sell partial or fractional bonds, so unfortunately in this offering we cannot auto-reinvest interest and we have to pay it all out. I try to explain that in my presentations but the real issue here is that the lines of communication broke down and that rarely happens but is my fault. After receiving 2 checks on time, and not cashing them, if you are dis-pleased with the investment I'll be happy to purchase the bonds back at face value, either personally or through a formal redemption. Sincerely, Matt Willer