Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

firebug · 12-18-2020, 02:24 PM

I spent 7 years in investment banking out of university.

Had lunch with billionaires more than once.

Meeting with clients worth 8-figures was very common and those worth 9-figures not unusual.

Recall in 2006 taking an $8/share acquisition offer to a company president who owned more than 4-million shares. He turned it down saying he felt they were worth $10/share. Also recall that same company going bankrupt in 2013... them's the breaks ;-)

One of the first deals I worked on was for Petrolifera Petroleum (PDP). We did a pre-ipo round at 1.50 and then an IPO for a $2.50 unit including a half warrant. I believe the stock topped out over $20 in its first year - my MD made over $1-M on just that one deal.

12-18-2020, 02:24 PM	#35
firebug Powerplay Quarterback Join Date: Aug 2002 Location: Mayor of McKenzie Towne Exp:	I spent 7 years in investment banking out of university. Had lunch with billionaires more than once. Meeting with clients worth 8-figures was very common and those worth 9-figures not unusual. Recall in 2006 taking an $8/share acquisition offer to a company president who owned more than 4-million shares. He turned it down saying he felt they were worth $10/share. Also recall that same company going bankrupt in 2013... them's the breaks ;-) One of the first deals I worked on was for Petrolifera Petroleum (PDP). We did a pre-ipo round at 1.50 and then an IPO for a $2.50 unit including a half warrant. I believe the stock topped out over $20 in its first year - my MD made over $1-M on just that one deal. __________________ "Teach a man to reason, and he'll think for a lifetime" ~P^2