Churak, interesting question, actually Tradeway securities went out of business after the owner brought his brother into the firm and gave him equity. The brother thanked him by firing him a couple years later which brought about a battle for ownership which destroyed the company.
I've seen more deals in the last 20 years than you can imagine and I spent the last couple decades trying to figurer out what makes a deal a success and what makes it a failure.
I come to the conclusion that most companies are financed improperly, just like those penny stocks with millions of shares of diluted stock across the globe in the hands of countless morons. None of those shareholders have the original vision of the company in mind, none of those people care at all about anything but the stock price. The company needs to be fully controlled by the originator with the vision until the vision is reached.
I pawned a Breitling watch back in 1994, hired 27 great brokers in 3 months and created Tradeway's number 1 office in 6 months. Tradeway thanked my by taking my office and making it the firm's home office. At that time I didn't have the money or resources to protect my vision. Today I do, today I have critical partners with critical licenses who have known me for at least 10 years yet have no verbal or written contracts with me for any OC equity. I've told these seasoned stockbrokers/entrepreneurs to come along for the ride and I'll give you exactly what they have coming when we reach the vision and they quit their jobs, U-4ed to the OC and agreed.
Does this have anything to do with IHUBers? No probably not, I'm sure the last thing you want to hear about is working with no contract. However we are currently using less than 20 IHUBers and would rather pay them cash on the barrelhead because we can afford to pay them cash.
You may find it strange but my business associates unconditionally trust me, they understand the best way to destroy a company is start giving stock away and they decided to follow me and trust me to give them what's coming to them. My colleagues seem to understand that many times when you give people stock or a written contract they believe they own a legal right to get paid and not work. That won't happen under my watch, I'm going to spearhead the drive for the vision and I won't stop until we get there.
Will I do a stock deal with IHUBers, Yes, I most likely will, however I first must get the letters out because I might have to negotiate 49% for a wheel and I won't have my hands tied. Will I discuss the specifics of the private structure of OC securities publicly with Internet aliases? No, I won't hence if you honestly have any interest in being involved you need to be in a place where you can explore that possibility in a couple months. Will I make it a very personal with "I told you soes" and reward the people who have taken the ball and run with it from day one? Yes I will.
Just as I told my partners, this is very personal to me, it's about much more than the money and, " I will not forsake anyone who believes in the vision and comes along for the ride to make the vision so".
AI
