RE:RE:RE:RE:Sheldon sellingchief wrote
Actually if you listen to rumours the banks made him sign promissories pledging some/alot of his own wealth, no idea if true, but thats the rumor
Thanks for the information. I am not plugged into the rumour mill.
Sheldon should have substantial wealth.
Over the years the fund has paid him massive amounts in fees and bonuses.
I never bought any Pinetree shares because the management expense arrangement was very detrimental to shareholders.
A while ago I heard that Pinetree was using margin - I could see where the banks might want a guarantee for that margin debt.