Iplayco Corp Ltd IPPQF

RE: RE: News

[FFHWatcher]

Some truth to this but not in the way you are intrepetting it, I think. Look at it as this. IPC has some high margin clients and some lower margin clients. The high margin clients are advisors who have sold their books to IPC in return for shares of IPC and a lower payout (therefore they are higher margin clients to IPC because IPC makes 66% more from those advisors than the other ones). If these advisors still have their shares, than they also want IPC as a company to perform well financially. For advisors who probably don't own IPC shares and still own their own book, I think they would like IPC to do well financially, but at the end of the day they are mostly interested in getting as much as they possibly can (read: high payout) for as little as possible (low fees passed on from the dealer to the advisor). Most advisors have 'A' and 'B' clients. Both are important to the business but the 'A' clients get a little bit higher level of service and they are probably invited to more of the advisors events. Same thing goes for IPC.