UPDATE: 12/6/2024: Today was a hearing with Daryl Heller, who pleaded the 5th. Testimony from other witnesses revealed that the ATM network is only half the size they claimed it to be...
UPDATE 12/3/2024: Now it appears that the ATMs themselves are facing operational difficulties, as Prestige is trying to locate all the machines. This article is about an ATM outage in Pennsylvania.
Agreed! We must also beware the concentration risks associated with market-weighted public indexes like the S&P 500. Private equity like this helps spread investments across disparate sectors and reduces exposure to market risk. "Diversification is always an apology." This post was an apology.
UPDATE: 12/6/2024: Today was a hearing with Daryl Heller, who pleaded the 5th. Testimony from other witnesses revealed that the ATM network is only half the size they claimed it to be...
https://lancasteronline.com/business/local_business/witnesses-at-contempt-hearing-say-lancaster-based-atm-network-is-less-than-half-purported-size/article_d7fdb43c-b425-11ef-af04-5b34ef4ffbd5.html
UPDATE 12/3/2024: Now it appears that the ATMs themselves are facing operational difficulties, as Prestige is trying to locate all the machines. This article is about an ATM outage in Pennsylvania.
https://lancasteronline.com/business/local_business/atms-at-pa-turnpike-service-plazas-out-of-service-due-to-problems-with-lancaster-based/article_48fd7644-b18e-11ef-80c6-ff384b67de1e.html
Paramount missed the Nov. 20th deadline. The court order requires Paramount to return the ATM network to the investors. Fun and games...
https://lancasteronline.com/business/local_business/owner-of-lancaster-based-atm-network-hit-with-138m-judgment-after-missing-another-deadline-to/article_9678f230-a825-11ef-bf2e-77959af5a3b4.html
Update. Of course, the settlement hasn't gone through and they are asking for another extension:
https://www.reddit.com/r/lancaster/comments/1gjvizs/daryl_heller_misses_another_deadline/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
Update. 10/31 deadline missed.
https://lancasteronline.com/business/local_business/investors-in-lancaster-based-atm-network-still-awaiting-payment-after-latest-deadline-passes/article_bed1479c-985c-11ef-a009-b7fb0bb25459.html
Buyer beware!
Agreed! We must also beware the concentration risks associated with market-weighted public indexes like the S&P 500. Private equity like this helps spread investments across disparate sectors and reduces exposure to market risk. "Diversification is always an apology." This post was an apology.