Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
Because everybody wants their money back.
And I wish I don't know what the policy is going to be on that.
It's not a great afternoon for me, to be honest with you.
Totally.
It's not a great day for me.
We were humming along nicely until this morning.
Here's what's happening on the ground.
I know you've been talking about the politics and the policy but let's talk about a business making 100 million dollars in sales.
It might have paid out 5 million in the last 14 months on these tariffs.
And they're in my portfolio.
I got phone calls from our customers from our lenders because we board against our line of credit and from our shareholders that we reduce distributions on during this period waiting to settle on the tariffs.
They all want their money back now to be compliant.
What am I supposed to do.
I don't even know what.
what how this is going to get filed it's going to be with treasury not the irs i assume i'm going so i'm going to try and get a meeting with staffers best of staffers when i get to the state of the union next week to see if they can give me some guidance because my head's getting squeezed from the top and the bottom
to be compliant.
And every business in America is going through this right now.
There are people that want their money back within the distribution shareholder and lender system.
And for me, and I'm telling you right now, you're the first to hear it, I'm setting up a resource called wondertrust.com, hiring, if not hundreds, thousands of accountants and lawyers, because I don't know how else to be compliant.
And I'm going to use them with my companies who are just