No I'd show a statement since it takes me about 2 mins to log in to my account and print one off (or show them it on the screen). Ditto for showing my annual accounts and tax returns (1 phone call to my accountant). 100k for 3 mins work is fine. 100k for 50k in costs and 4-5 days of distraction from trading plus paperwork tedium is not worth it. If I wanted that I'd be an accountant not a trader.
Quite interesting, because gray boxes trading metal spreads have been around for over a decade and the strategy+concept is no secret. Not sure where your institutional client has been during all this time. Yet it's truly shocking that your system has such a strong tangible edge that clients are fawning over you and you are so kind in willing to mentor it. I'm just wondering why you are not running your own prop firm or your own hedge fund with such a lucrative edge.
In that case, congrats, but you might want to close your mentoring shop as teaching the edge in which FoFs are investing would be a big issue.
For whatever it is worth, Bone is legitimate. You can trust that there is no reason to doubt the statement he's produced on his website. We have a friend in common and has vetted his performance. Now, does it matter? None of you were considering the $6,500 offer, so I don't see who you're protecting here.
All right, I am sold, just tell me where should I send the money. Is a check ok or should I send cash ?
I've got two guys who have to be 15% of the Comex volume. Looking for places to put cash, buying seats (three so far in 2010).
I think that my models have alot of upside in equity pairs - my last three clients are in that space, and so is the prop firm who licensed my stuff.
FWIW, I know a lot of spreaders, and none of them have been able to apply FI or crack techniques to EQ. They all blow-out in equities.