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Project: Sandicot

This is an example of a filled out progress report, feel free to delete this page.

Project Name: Sandicot

Project Owner/Department: Bobby Axelrod, Management

Project Start/Finish Dates:
August 1, 2021
/
October 31, 2021

Reporting Period:
September 6, 2021

Progress report

Team goals/OKRs:

The goal of this project is purchase municipal bonds issued by the city of Sandicot at a discount. Some project goals and OKRs:
Purchase bonds at a 80% discount of par value
Use leverage to make purchase
Ensure no uncertainty with Thayer that casino is being build in Sandicot

Completion rate:
60
%

Completion status is automatically calculated based on milestones that are “On Track” in table below.

Key milestones and accomplishments:

Milestone
Status
Notes
1
Buy bonds from city of Sandicot
On Track
Successfully bought at fire sale prices
2
Confirm casino is being build in Sandicot
On Track
Had to give Thayer (casino developer) ‘69 Dodge Challenger for the info
3
Remove all encumbrances for casino development
Potential Issues
One lone land owner Hank Flagg owns 200 acres and rejected original $1.5M offer to sell land
4
PR plan created to present to Sandicot community
Off Track
PR team is still dealing with fall out from me punching someone at the BBQ
5
Secure leverage to purchase $100M bonds
On Track
Levered with our primer broker Spartan Ives
There are no rows in this table

Progress update:

Project is going as planned but running into a few obstacles and issues. We were able to purchase the bonds but there are some blockers preventing the casino developer from building on the open land.
There are also rumors that the governor may decide to move the location of the casino to a new city. This would completely derail the project. We will have to deal with owning junk bonds and potentially seizing Sandicot’s assets as we are the first lien. This would also send the Sandicot community into a spiral.

Risks:

Risk Description
Likelihood %
Plans to mitigate
1
Governor moves location of casino to a different city
000
50
Seize Sandicot’s assets
2
Lone land owner won’t part ways with his 200 acres
000
10
Offer >$10M to buy him out
3
Margin call on our leverage
000
20
Get Wags to dip into main fund
4
US Attorney foils our plan
000
75
Send him Victor as a decoy
There are no rows in this table

Additional notes about progress:





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