Has Worldco officially declared bankruptcy yet. If so, when will they pay out the remaining capital or explain why they can't. If not, then when the hell are they going to settle their tax dispute & go under?
Apparently a positive one. There was big money made when the markets opened back up after 9/11, and the Worldco hit its peak (with # of traders and floors offices leased) in 2002.
Don't forget that Worldco was soliciting and taking money from people right up until the week they closed.
As far as top traders, though, some had left. Many, maybe most, top traders were at Worldco till the end.
So far you've said erroneous things about Worldco inventing married puts, revolutionizing the industry, and Walter shutting the company down (his family did, because he was already moved out by then). Now you are way underestimating the amount still owed. Why don't you just try to get the facts...
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...
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.
nor does it represent stops, market orders, or "mental" stops. Add this to the institutional orders on the floor not reflected and it doesn't seem that all that much meaningful info is represented on the book.