I also speculated on where the $100k was coming from. I admit I did not consider they used shares. But I did say OWCP must be "confident" it was money well spent.
Quote:
Did you also notice from the 8k that that's how they paid for the conference?
Lyons was one of the recipients.
From Lyons website:
Lyon Capital Management, LLC is a Registered Investment Advisor. Founded in 1994 we have consistently grown the business in strong and weak market cycles. The firm now manages over $55 million for individuals and small businesses throughout the United States. With a base of clients in upstate New York, southwest Florida and Coastal South Carolina we go the extra mile to serve clients…wherever they may be. Our professionals have worked in the investment business and bring to the table over 40 years of combined experience in asset allocation, portfolio management, security selection, financial planning and personal service.
Why we are unique:
• Instead of an account representative, our clients work directly with their investment decision maker.
• Instead of selling products on commission, we provide a fee-based service. Our interests are aligned with our clients’.
• We own what clients own. Lyon Capital Management employees hold the same securities as our clients, with few exceptions.
So since Lyons owns shares, and they advise clients what to buy, does it not behove them to drive the price up and also recommended OWCP to their clients?
I'm thinking YES.
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