Weekly Roundup 06/16/23 (Prometheum madness, the Hinman emails, HK's crypto banking play) (EP.431)
On The Brink with Castle Island
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Permethian: The First of Its Kind Special Purpose Broker Dealer
Permethian is this special purpose broker dealer that just got approved by the Securities and Exchange Commission. The company has raised $48.19 million over several rounds of financing, but they don't even have any active markets or revenue. They're affiliated with China so they do a ton of business in China just like Permethian. Bill Thompson: There's just a lot of things about this company that are odd.
Play episode from 06:11
Transcript
