Ot Death..
111-115 Broadway was also my home ,,, that and the kabiuki rest. down stairs.. Ye Old Chop was at 111.. J.W. Kaufman Had the bottom floor in the back and ran his own fund.. It had less than 5 mill in it when he sold it to Hans Utch and we were on the 18'TH floor of 115.. Kinglesy Boyd was my neighbor and they were the first NYSE firm to break with fixed commisions..We did all thier Phil exchange lay offs.. When they sold out to Charles Slab and co we did the firms otc trading until they bought Mayer & Sweitzer.. We were lucky as Milton D Blauner also owned the buildings,,, At 120 broadway I had the 18'th floor amd Moe Rimson and company was directly above me...The markets got bad and I joined Commerce Clearing House that owned both the Pink Sheets and The Investment Dealers' Digest ,and as they need the space I was able to get out of my lease.. That was in 1974 and have been trading my own account since.. While I was at the Digest I started several finanical magazines,, traveled to all the traders conventions and did work for the pink sheets.. As I was the only one that had Trading experence this was a good fit...and when the digest was sold I took my creations and started my own firn in Financial Communications.. In the late 80"s I funded the Wall Street Charity Fund fights at Madison Square Garden and it was really the last thing I did with the trading community.. Since then I have traveled,,, mostly in the north of Cda.. and have represented several hundred companies in thier finanical communications efforts...As i have beenin most aspects of the finanical community I can say "been there,, done that" is usually the case and most things that happen are just an irritation.. Fraud,, pumping and dumping and non reporting still though are still on my lists of don't... While I no longer desire to expose,, I still find great pleasure in upseting the promoters apple cart..In Cdn markets there was a problem years ago but if they were able to clean uo the Vancouver exchange why can't we,, Regs in this country should be able to inforce 15C-211 rules and stop trading in ALL COMPANIES that have finanicals older than 90 days..Stocks like Krispy Kream and GFCI have no place in capitol formation process other than that of lining the pockets of the insiders..Jail time for Martha's trading was a mockery of the system when compaired to the institutions that owns MSO for the account of retirees.. As long as the playing field is not level the only place to trade is in VM.. VM's are unaffected by the greed of wall street, Therefore making the bid more reflective of true value.. True value of any stock is like a pool of water,, when calm all is equal and the true price appears,,, when influenced by outside sources such as Research Reports or Phoney Press releases greed takes over and sometimes overtakes true value.. Finding the calm before the hype is where 10-baggers are found and cashed in on..hank
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