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Stock guys explain Fantex to me please (1 Viewer)

Bri

Footballguy
Please see this https://www.ft.com/content/7a3f4d4e-17d2-11e7-9c35-0dd2cb31823a

How are they still making money yet shut down? Buying up small investors does what for them?

I thought they were done when the owner shut down but it seems like they're prepared to ride contracts out and yet....I don't know what I'm talking about here. Owner shuts them down always means a company is going under or being sold, in my experience. That hasn't happened. How do you run a stock company (fake or not) and yet people can't see the stocks? Just assume they're aware because of player stats accumulating?

Good idea, bad execution, worth a try, and then blow them off? Not so fast. That's what Kendall Wright did and a judge ordered him to give 400k to Fantex

https://bleacherreport.com/articles/2791557-kendall-wright-ordered-to-pay-nearly-400000-in-fantex-suit

Everything about fantex seems over my head. Can you please explain what's going on?

 
Please see this https://www.ft.com/content/7a3f4d4e-17d2-11e7-9c35-0dd2cb31823a

How are they still making money yet shut down? Buying up small investors does what for them?

I thought they were done when the owner shut down but it seems like they're prepared to ride contracts out and yet....I don't know what I'm talking about here. Owner shuts them down always means a company is going under or being sold, in my experience. That hasn't happened. How do you run a stock company (fake or not) and yet people can't see the stocks? Just assume they're aware because of player stats accumulating?

Good idea, bad execution, worth a try, and then blow them off? Not so fast. That's what Kendall Wright did and a judge ordered him to give 400k to Fantex

https://bleacherreport.com/articles/2791557-kendall-wright-ordered-to-pay-nearly-400000-in-fantex-suit

Everything about fantex seems over my head. Can you please explain what's going on?
The exchange is shut down. But the contracts are still valid.

Buying up investors (which took them below 300 total investors from a high of 1000) means that they no longer have to make SEC filings.

 

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