exactly, was. PTJP was a joke, information arbitrage, when it ended guys that made millions couldnt put together 2 cents.
What is Carajohn doing now that the IPOs are dead? I'm sure he's still getting 'the call' but, not sure how much that is worth these days?
classic! when you can't defend the undefendable go on the attack and personally attack those who dare bring up facts which can't be refuted.
no, but the bruans not only owned PTJP, they got nailed for co-mingling funds and and people/equipment.
Actually they required 1500 shares on married puts until the latter part of '02. And many people had to start with fees much higher than a penny. Doesn't Assent pay every 2 weeks also? Almost everyone does.
It wasn't about regulatory matters that they witheld 33%. If you ask others to be fair, then be honest. They withheld 33% because, by their own admission, they are in a tax dispute with the state. Add that to the fines they had to pay, and they may not have enough to pay people the final 33%. No doubt getting 2/3 was waaaaay better than nothing, but there are people who are not rich that have been screwed out of several thousand (many had $25k, so they've lost over $8k) that represented a good chunk of change. Some of these people had not even been at Worldco long. And of course, some rich, big swingers and group leaders had much more than that in their accounts.
ok here we go .....walt was doing mps before even 87......he popularized them for sure....but he did them ....for 10 yrs 1st......when their was no competion.......any comingling was an oversight with a firm that big......every firm gets fined.......and their are many many firms that have closed where no one recieved anything......at all big firms too.....you have to be objective when trading a stock or investing in a firm its the same thing...............walter protected you guys as best he could for a long long time.....kept you in the cocoon called worldco......and now your in the cold hard world .............but at least you were given a boost by a guy whe really wanted you to do well ...........and still does ..........and his new cos are going to be great........walter was the best and still is .....i know hes on the beach today hanging out with some of the most powerful familys in america ..........relaxing under an umbrella......m
and yes now everyone pays every 2 weeks but walt did it 1st.....no doubt......he turned up the pressure on the other firms to do it................worldco was wall sts 1 atm..............m