Confirmed with Link: Senators are for sale - and it’s a Gong Show

[saskriders]

But internet sleuths say he's sketchy from googling his name....

All the most reliable business people push Niros coin. That is definitely not a red flag at all.

 

[senswon]

 

[Micklebot]

I'm sure there's 0 reason to think someone with no history, unknown backers, and a failed crypto rug pull might be just a little bit sketchy

I'm sure the NHL and GSP are well aware of who the backers are, which is why internet sleuths should let it play out

 

[Mingus Dew]

I'm sure the NHL and GSP are well aware of who the backers are, which is why internet sleuths should let it play out

Goldman Sachs working for free too I imagine.

 

[Golden_Jet]

Wonder if GSP gets paid a fixed amount, or a percentage of sale price.

 

[Micklebot]

Goldman Sachs working for free too I imagine.

To bring their profile up ...

 

[Mingus Dew]

Wonder if GSP gets paid a fixed amount, or a percentage of sale price.

Fee is likely sized as a percentage of the ultimate sales price.

 

[Golden_Jet]

Fee is likely sized as a percentage of the ultimate sales price.

Ya. I feel that’s the most likely .

 

[IpsoPostFacto]

Fee is likely sized as a percentage of the ultimate sales price.

which is a reason to keep any interested bidders around as long as they are short of just taking a dump on the bidding forms.

 

[Sun God Nika]

Has nothing to do with race and everything to do with the high likelihood he's a con artist trying to inflate his reputation as a major player, despite being a C tier movie producer, failed crypto hustler and overall sketchy dude.

What are you talking about? At best he's a rich Black man backed by super-rich old white man money lol

Some people are really trying their hardest to turn this into a racial thing.

I see how it came off as a race thing , meant it more in the way of rich old white dudes don’t take the risks of dealing with unknowns and trying new stuff . If Neko was Michael Jordan there would be no issues but he is a unknown.

Not saying neko ain’t getting the team because he is black more so the existing board of governors aren’t risk takers and rightfully so

 

[WORLDSTARHIPHOP]

Goldman Sachs working for free too I imagine.

lol wtf is this comment. They're literally just a bank. You just need $1 milllion in your account for them to "work" for you.

 

[Mingus Dew]

lol wtf is this comment. They're literally just a bank. You just need $1 milllion in your account for them to "work" for you.

Banking Act of 1933 (Glass-Steagall)

Explore the Federal Reserve's history

www.federalreservehistory.org

 

[WORLDSTARHIPHOP]

Banking Act of 1933 (Glass-Steagall)

Explore the Federal Reserve's history

www.federalreservehistory.org

What's your point?

 

[Flamingo]

Banking Act of 1933 (Glass-Steagall)

Explore the Federal Reserve's history

www.federalreservehistory.org

Please don’t take us on a trip to Jekyll Island.

 

[Mingus Dew]

What's your point?

Goldman Sachs isn’t holding his deposits. They are advising him on the sale. They will be getting paid a fee.

They are to Neko what GSP is to the Melnyks.

Please don’t take us on a trip to Jekyll Island.

Well people should understand what investment banks do and what it takes for them to work for you.

 

[WORLDSTARHIPHOP]

Goldman Sachs isn’t holding his deposits. They are advising him on the sale. They will be getting paid a fee.

They are to Neko what GSP is to the Melnyks.

I said in his accounts not theirs. Aside from that how do you know they're just not managing his assets? They have an entire branch for that purpose. Anyways my point is that the threshold is not very high.

https://www.goldmansachs.com/disclosures/customer-relationship-summary-form-crs/docs/pwm-relationship-guide.pdf

Well people should understand what investment banks do and what it takes for them to work for you.

https://www.goldmansachs.com/disclosures/customer-relationship-summary-form-crs/docs/pwm-relationship-guide.pdf

Oh no it takes an entire $10m for them to work for you.

 

[Mingus Dew]

I said in his accounts not theirs. Aside from that how do you know they're just not managing his assets? They have an entire branch for that purpose. Anyways my point is that the threshold is not very high.

https://www.goldmansachs.com/disclosures/customer-relationship-summary-form-crs/docs/pwm-relationship-guide.pdf

Buddy’s tweet said they were representing him, no? Not how you’d characterize a wealth manager.

I’m assuming they’re advising his bid. In which case I think that lends credibility. GS is expensive. It’s like hiring a top law firm.

Apologies if I’m wrong there.

 

[Mingus Dew]

I said in his accounts not theirs. Aside from that how do you know they're just not managing his assets? They have an entire branch for that purpose. Anyways my point is that the threshold is not very high.

https://www.goldmansachs.com/disclosures/customer-relationship-summary-form-crs/docs/pwm-relationship-guide.pdf

https://www.goldmansachs.com/disclosures/customer-relationship-summary-form-crs/docs/pwm-relationship-guide.pdf

Oh no it takes an entire $10m for them to work for you.

I’m not talking about private wealth management.

 

[Sun God Nika]

Ya. I feel that’s the most likely .

Which makes you wonder why the f*** will they leave an extra 100million usd on the table

 

[Mingus Dew]

Which makes you wonder why the f*** will they leave an extra 100million usd on the table

Ultimately client decides. It’s not their call.

 

[WORLDSTARHIPHOP]

Buddy’s tweet said they were representing him, no? Not how you’d characterize a wealth manager.

I’m assuming they’re advising his bid. In which case I think that lends credibility. GS is expensive. It’s like hiring a top law firm.

Apologies if I’m wrong there.

I'm not sure how that jives. Why wouldn't the investment bank that manages your assets/investments be representing and advising you on your biggest investment?

 

[Flamingo]

I'm not sure how that jives. Why wouldn't the investment bank that manages your assets/investments be representing and advising you on your biggest investment?

Jibes. You’re not sure how that jibes.

 

[Mingus Dew]

I'm not sure how that jives. Why wouldn't the investment bank that manages your assets/investments be representing and advising you on your biggest investment?

Wealth managers are not going to provide advisory services in a billion dollar M&A deal. Completely different arm of the bank.

If he wants to hire Goldman IB to rep him on the acquisition he’s gotta pay. A lot.

 

[HoweHullOrr]

GS is pretty serious investment banking representation. He is spending up for that.

What does "repped by Goldman Sachs" mean? I know Goldman Sachs. Just trying to understand the relationship between these two parties? In particular, who is paying who to do what (assuming it boils down to that)?

OK never mind, I see you provided info later on in this thread. Its kind of like an investment banker being involved in handling an IPO (or a SPAC maybe) although this isn't an IPO obviously.

 

[Mingus Dew]

What does "repped by Goldman Sachs" mean? I know Goldman Sachs. Just trying to understand the relationship between these two parties? In particular, who is paying who to do what (assuming it boils down to that)?

OK never mind, I see you provided info later on in this thread. Its kind of like an investment banker being involved in handling an IPO (or a SPAC maybe) although this isn't an IPO obviously.

Yeah pretty much every big M&A deal that I’ve been involved with will have buyside IB representation (Goldman) and sell side IB representation (GSP).

You’d also have buyer’s counsel and seller’s counsel on the legal side.