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a few trades on Platinum’s stock, now trading at over
a dollar, and phone calls to a dozen or so of his clients to persuade
them to stay with Platinum a bit longer. When this was all done, Eteo
called Mitch Cohen and asked him to come see him. Mitch was one
of Logan’s old high school pals who had stayed close to Logan after
graduation and who admired Logan for settling into a well-paying
career so soon after leaving school. He had asked Logan many times
to help him get involved in something to do with public companies.
When Eteo had split up with Mario, he had organized an office
to house the companies he was involved with by subletting space
from a friend who had leased one whole floor in a Dunsmuir Street
tower and had a few spaces free. Eteo had incorporated a management
company with Mitch as president. The management company
charged the shell companies 3,000 per month for office space and
management services, reasonable fees by the standards in Vancouver
those days, but it meant that if Eteo housed just two companies in
the same office, Mitch would have plenty of money to look aer
things and then some. And Eteo always had at least two companies
on the go, since every time one company was sold to new buyers, he
would put together a new one using the profits from the sale and recruiting
most of the same shareholders every time. You could call it
a factory of companies, an acceptable practice in those days, and the
commissions were equally steady.
As a result, Mitch had a good income and was involved in a game
he liked, while Eteo had someone he could trust looking after the
daily affairs of his small shell companies. The work mainly involved
answering the phone and sending reports to the authorities and news
releases to the media. The expenses amounted to little more than
buying a desk, a couple of chairs, a coffee table, a phone, a computer,
and a filing cabinet, six or seven thousand dollars in total, which
hardly made a dent in the treasury of one public company but ensured
a smooth operation, nevertheless.
By now, Eteo had also opened an account for Ariana and, after
she deposited one hundred thousand dollars in it and told him to do
his best, she gave him a free hand to invest in whatever he thought
would be good for her.
Libros Libertad 