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hi chicken gang and friends getting plenty of comments asking what will happen to arc invest i did a fast 3 hour poll and thank you all for the 969 votes i'm not too sure why 69 keeps appearing everywhere anyway i know many of you are invested in arc and worried a minority stakeholder wants to take control of arc so without a doubt if it happens i will sell my position when we invest we invest in the management the vision and the execution giving a donkey a great company the donkey will turn the company into a power dunk i know some will say by the way thanks for the input it's easy for katiwu to walk out and create another fun it's easier said than done i'll explain later i know what it is like behind the scenes of pvp public private partnership the politics the policies the potential risk management so many pppp behind the scenes is like running a business sometimes you need to ban certain rules to make things happen i remember signing so much [ __ ] that i do not know what i'm signing in this case did cathy would sign a deal with the devil or was she like asking for it in my opinion both okay let's look at both sides of the story and understand the situation before i go on every like you give helps contribute to helping animals i hope to spend more youtube ad money to help charity your little action helps a long way thank you thank you let's understand what resolute do resolute is a business of distribution marketing etc nothing to do with fund management it will be absolutely nuts for them to take over control resolute doesn't have the expertise to run a fund yet resolute investment managers a distributor for mutual funds and etf companies including arc invest plans to exercise its options to purchase controlling stake in ark early next year this option was included as part of the minority state cathy woods company that resolute took in july 2016.
now let's take a look at kathy wood's site now back in 2016 she was just starting out like many other people she operated out of a small mid-town office without air conditioning so for her to receive 40 million of funding from residue is no small amount it's pretty damn big resolute took a big bet on her and of course there were conditions attached to it nobody gives you 40 million dollars without conditions to it i mean if i had 40 million dollars coming to me as i just started out i would sign almost any damn thing within reason so cathy would manage the 40 million while resolute obviously did the fund distribution marketing accounting etc things were looking all good for both since 2016.
up grew to 9 billion so resolute was chilling in the office until they saw this news arc investment manager llc to engage in a strategic review of its u.s distribution currently managed by resolute investment distributors inc i mean if you were in resolute shoes what will be your reaction i think the reason why arc did this because they were obviously looking for better options who knows it could be better fees or somebody else could do a better job whatever the reason for resolute to exercise their option anybody would have done it i mean all the news going around rumors etc is important to stop reading into sensational headlines and instead sit back and understand what is really happening so in my opinion resolute wouldn't have exercised the option if arc has continued using their services and the last thing they want is to do fun management so let me share what i think is the likely outcome first outcome of kathy wood taking her team and walking away is a possible scenario like i said easy than done setting up a fund is not easy it takes months to years depending how complicated the structure of the fund is and resolute will be stuck with a fund that they can't manage both loses big time and this is the worst case scenario well the likely scenario is cathy wood giving the distribution rights to resolute while re-signing another agreement as the trust the relationship is broken between both the agreement would look something like giving the business to resolute for x amount of years while resolute gives up the right to exercise the option i mean she wouldn't want resolute to suddenly exercise this option on them again wrapping up it is in both parties interest to work it out if they don't it's going to hurt real bad for both parties and my guess is nothing's going to happen and they will eventually work things out how do i personally feel about this whole thing for me i always remember the people who helped me when nobody was there for me even if sometimes i feel they are wrong i will never like hold a grudge because the hardest people to find in this world if you agree with me are the people who are there when you needed help i would do anything in my powers to make things right and make sure i've gone far and beyond to work things out i mean that's the way i roll and i hope you do that too i hope this video helps appreciate the thumbs up and as always invest safe you
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