John Zito
speaker
937 appearances
1 recordings
1 series
first heard Jun 2025
last heard Jun 2025
John Zito’s voice in public audio — every appearance, attributed to the second.
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Appearances
And it's one of these places where you got to stay like a minimum couple nights or whatever.
And so Ken's there sitting at every meal he's there.
And I'm like, Ken, can we somehow get to an agreement on this other thing?
And he's his famous quote of the whole thing is co-ops are made to say no.
Meaning that once you guys all get together, you're never going to get to a deal.
I'm like, no.
We can get to a deal, reasonable deals, get everyone together, send us over something.
I'm just encouraging them then to do it.
And eventually we ended up flying out to Phoenix as a group and we back and forth.
And finally you realize that first off to get these deals done incredibly hard, very rare to get done too.
It's probably the only co-op where everything worked.
We cut a deal, the stock, and we had bought stock at four.
The stock went from four to
over to 280 in the next 12 months.
The bonds went from 30.
You exchanged at 90.
Those bonds were trading at 120 a year later.
Everybody won in this.
There's very rarely do you have in that time, short of time period, do you have a deal that's effectively a fair deal, not where we're taking the equity or anything.
And a year later, everybody's won.
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