Rearden Metal
Registered: Jan 2003
Posts: 6634 |
04-12-08 06:37 AM
"First, there are ongoing issues with the clearing firm, Penson Financial Services, that need to be resolved. Second, there are some concerns that the Tuco back office system has not been properly communicating with the software platforms. This issue is being investigated. Third, we are waiting on information from the broker-dealer GLB Trading regarding commissions owed to Tuco Trading.
--->So if you were to immediately distribute 50% of the $9 mil in held funds to Tuco account holders in order for them to have a little something to work with in the meantime... what could possibly happen to make you regret such a decision later on?
"Ooops! I only left myself $4.5 mil cash in hand to pay Tuco's rent & phone expenses- turns out that wasn't quite enough... Damn, I really should have held on to more of it!" 
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