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Old 08-18-2008, 03:59 PM   #1
exotiq
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Brandon Adams' blowout

He recently began trading equity prop at Bob Bright's firm in LV. Somehow he managed to con the Bright's into allowing him to take a large position in a biotech. He's told some that he had inside info, but it's not clear whether Bob B was aware of Brandon's assertions re: inside knowledge.

He lost 5-million of Bright capital as well as a few mil belonging to some well known poker pros.

Hey Tom, I suggest you sue that f*cker. I posted this to the stock board in error. Plz delete the other posting.

Two posts from exotiq later in the thread:

Quote:
Originally Posted by exotiq View Post
Oh my God. There was NO insider trading. The insider trading angle was a ploy to sell the trade.
Quote:
Originally Posted by exotiq View Post
You're a monumental retard. I never accused BA of insider trading. He used the promise of inside information to sell the trade to people in this biz. I am sure he felt absolutely confident that ELN would get the approval.

Last edited by Kevmath; 08-19-2008 at 12:22 PM. Reason: added note regarding later posts made by OP
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Old 08-18-2008, 04:05 PM   #2
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Re: Brandon Adams' blowout

more info please sir. sounds like an interesting story!
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Old 08-18-2008, 04:07 PM   #3
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Re: Brandon Adams' blowout

I trade remote for the Brights and it's making the rounds. Apparently BA is into the Brights for his debit balance. I can't really elaborate at this time. The loss was on the order of 8+
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Old 08-18-2008, 04:17 PM   #4
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Re: Brandon Adams' blowout

To help rebuild his rep and payoff loans he should start running charity poker tournaments in rural Michagan. He should have enough money left over for some blow, hookers and a nose job.
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Old 08-18-2008, 04:17 PM   #5
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Re: Brandon Adams' blowout

Quote:
Originally Posted by exotiq View Post
I trade remote for the Brights and it's making the rounds. Apparently BA is into the Brights for his debit balance. I can't really elaborate at this time. The loss was on the order of 8+
how was the deal set up? is he contractually on the hook for all losses?
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Old 08-18-2008, 04:21 PM   #6
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Re: Brandon Adams' blowout

This whole thread may as well be in Chinese for me. All I know is that BA is a former Gator, which makes him a winner in my book.
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Old 08-18-2008, 04:22 PM   #7
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Re: Brandon Adams' blowout

The Bright's payout 100%. They charge a penny a share in commission, which is a lot, but with that penny you gain access to their leverage at Goldman Sachs. Brandon busted out when going debit.

No, the firm covers all losses. The Bright Bros are worth ~100 or more.
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Old 08-18-2008, 04:23 PM   #8
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Re: Brandon Adams' blowout

Harvard Shmarvard.
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Old 08-18-2008, 04:26 PM   #9
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Re: Brandon Adams' blowout

BA lost over 8 mil?
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Old 08-18-2008, 04:26 PM   #10
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Re: Brandon Adams' blowout

If wins_pot doesn't show up and post in this thread, you'll what the answer is.

Also, please more details exotiq. This is my favorite kind of news/gossip!
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Old 08-18-2008, 04:28 PM   #11
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Re: Brandon Adams' blowout

what's the ticker symbol OP?
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Old 08-18-2008, 04:30 PM   #12
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Re: Brandon Adams' blowout

can you tell us what the grounds for a lawsuit might look like and how realistic that is?
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Old 08-18-2008, 04:31 PM   #13
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Re: Brandon Adams' blowout

So he was hired by the brights under the assumptions that he had direct info on a stock and was allowed to invest 8mill on said stock and lost the whole thing?

Is that the jist of it? I dont think I fully understand what has happened exactly. Id love to hear what poker players took a big hit because of this though.
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Old 08-18-2008, 04:36 PM   #14
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Re: Brandon Adams' blowout

No, I am certain they wouldn't act on blatantly inside info. I guess it got passed risk. He must have traded it just before the FDA meeting.
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Old 08-18-2008, 04:38 PM   #15
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Re: Brandon Adams' blowout

could someone translate what happened into layman? im curious but i dont really understand what's going on.
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Old 08-18-2008, 04:38 PM   #16
exotiq
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Re: Brandon Adams' blowout

Mods. Plz delete this thread.
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Old 08-18-2008, 04:39 PM   #17
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Re: Brandon Adams' blowout

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Mods. Plz delete this thread.
why? are you getting yelled at at work?
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Old 08-18-2008, 04:40 PM   #18
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Re: Brandon Adams' blowout

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Mods. Plz do not delete this thread.
FYP
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Old 08-18-2008, 04:41 PM   #19
exotiq
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Re: Brandon Adams' blowout

I'd like the thread deleted in case of any repercussion and how it would affect my trading with the company. It's accurate, but I'd like to remain at the firm.
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Old 08-18-2008, 04:43 PM   #20
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Re: Brandon Adams' blowout

someone else will just quote all your posts and start a new thread somewhere i would assume...so u might as well just keep it open
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Old 08-18-2008, 04:43 PM   #21
Fife19
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Re: Brandon Adams' blowout

Good to see you thought this through before posting.
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Old 08-18-2008, 04:44 PM   #22
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Re: Brandon Adams' blowout

What site what stakes?
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Old 08-18-2008, 04:44 PM   #23
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Re: Brandon Adams' blowout

Quote:
Originally Posted by exotiq View Post
I'd like the thread deleted in case of any repercussion and how it would affect my trading with the company. It's accurate, but I'd like to remain at the firm.
A little late, no?
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Old 08-18-2008, 04:45 PM   #24
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Re: Brandon Adams' blowout

5 million? Is this firm beig run out of somebody's backyard? Since when is that a significant loss?
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Old 08-18-2008, 04:46 PM   #25
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Re: Brandon Adams' blowout

Can someone explain whats going on, I have no knowledge in commercial trading whatsoever.
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