Will Pension Financial have somewhat less cash if some of it goes upstream to the holding company? Is the stock down 90% to pennies because all is so good? Did they invest in a freakin' race track in what was investigated as a potentially self dealing transaction by a director?
If my facts are wrong ... tell me. But, if they are correct, confirm them. Take them one by one. Don't cherry pick. Talk about the reality of this clown show not in sound bites but in simple declarative sentences that deals with the regulatory oversight, the bottom falling out its equity price, a rogue director and the insane investment in a freakin' racetrack.
Speak clearly into the microphone. If you have a case to be made beside that they have SOME CAPITAL LEFT after the absurd way this firm has been managed. No one is suggesting they have no money left in the brokerage subsidiary but many are saying this firm is poorly run and has a parent company that is having trouble meeting its obligations ... never a good sign.
If my facts are wrong ... tell me. But, if they are correct, confirm them. Take them one by one. Don't cherry pick. Talk about the reality of this clown show not in sound bites but in simple declarative sentences that deals with the regulatory oversight, the bottom falling out its equity price, a rogue director and the insane investment in a freakin' racetrack.
Speak clearly into the microphone. If you have a case to be made beside that they have SOME CAPITAL LEFT after the absurd way this firm has been managed. No one is suggesting they have no money left in the brokerage subsidiary but many are saying this firm is poorly run and has a parent company that is having trouble meeting its obligations ... never a good sign.
Quote from rmorse:
the brokerage firm Penson Financial has plenty of cash. The debt is with the holding company.