Magic Jack is a passing fancy. Company has a Market Cap of a little over $250M. As of 12/31/12 he owned 1.4M share of stock that trades at $14.50 now.
The guy made $100\'s of millions on AOL back in the pre-dot.com bubble period. When stocks like that rocketed into the 100\'s based on near nothing. Tries to gamble and spend it all away but finds it difficult to do.
I once had to go to the offices of Churchill Downs on Thursday before Derby to drop off some Pre-Derby Event tickets and pick up his check. The check was signed and to be drawn on a JP Morgan Wealth Mgmt Account. The rest of the check (amount and Payee) had been left blank.....
