Pbc getting sued! Fat dan on twitter

:dead

 

Frivolous suit. Will go no where. Free PBC fights are here to stay and that's a good thing.

 

"Past performance is no guarantee of future results"

 

well some of us do have real jobs.....crazy thought huh....

 

ya haymon just needs to find another 500 million to swindle:good

 

funny as schit, all these pathetic losers in here hoping and praying and arguing and just DYING for pbc to fail... if they could see how comical and ridiculous they sound.

the article clearly doesn't support any of the schit they're saying. pbc is not in any trouble. investors put money in a startup expecting to lose money during the growth phase and hoping to reap huge profits down the road...let haymon take over boxing and monopolize the sport like he's supposed to. haymon has been great for boxing. he's a visionary who will revive boxing and make it a major league sport again. he's made more great fights in the past two years than boxing has seen in the past 20 years behind them pathetic clowns, arum, gbp and the like. but like obamacare, it's many people who will flat out refuse it, even though they know it's good for them, just because it's a black man who's providing it.

 

Yeah I can imagine some of these guys posting in between balancing the national budget

 

Admittedly I can't speak for everyone, point taken we are among some clowns

 

This still going huh?

The point is this. PBC was allocated to the wrong type of fund, this seems to be an accepted fact. A start up like this might be able to raise significant venture capital independently if it has a good salesman behind it, but it should not be positioned in a portfolio with large, proven firms.
The reason it was, that is the problem for Haymon. If, as the complaint intends, they show it was due to collusion between him and Caldwell, you can be damn sure Uncle Al with have his day in court.

"The Funds also did not disclose Caldwell's personal relationship with Haymon or how that relationship influenced the decision to invest in Haymon's company — or how such a relationship might present a conflict of interest."

Add to that the repercussions of PBC potentially being found to be in violation of antitrust law, and this case making it improbable they get further funding, from anyone.

 

i suggest not wasting your time, no matter what comes out or what facts your say limerick and chin both will defend haymon and pbc

when i said months ago there was something very fishy with pbc and how they got their funding and Al's end game, the same guys defended him only to be proven wrong. the same thing will happen again here

 

you dont know wtf you're talking about...a business relationship between two parties doesn't have to preclude a personal relationship between the two parties, so long as management is running the business in the best interest of shareholders.

pbc is a start up...nothing wrong with that...losses are taken on the front end of start ups because it takes years to achieve market penetration needed to become profitable...its not like the guy rolled out of bed one day and decided al was his buddy so he would invest damn near a billion dollars. the business plan showed a billion dollars was a very small investment compared with the potential returns.

an anti-trust suit is not a bad thing...all it's saying is "i had a huge share of this market and now you want to take it all away from me and have it all for yourself...and that's not fair"...monopolies exist in many parts of the economy INCLUDING MAJOR LEAGUE SPORTS....so, don't let the anti-trust thing fcuk you up.

there is nothing about this case that indicates pbc is in any trouble...but people get nervous when their stock portfolio loses value...on the other hand, let pbc start to show promised returns and those some mfkers will be suing the broker for removing pbc from thei portfolio.

 

I know man, I'd like to say I'm done with this now, but you know, probably not :conf

Funny thing is I really don't have a dog in this race. It just looks like to me that there were some untoward dealings here.

 

Say no more.

 

i don't have a dog in this race either im not for or against pbc or haymon, but i could see a long time ago something wasn't right at all and so could a lot of people. the only ones who continue to defend whats happening at pbc fanboys