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Politics : Ask Michael Burke

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To: Mama Bear who wrote (83005)	8/16/2000 1:54:00 AM
From: Bilow	Read Replies (1) of 132070

Hi Mama Bear; The part you missed... What actually happened is that it turns out that Nathan didn't know the end of his alimentary canal from a hole in the ground and provided totally mediocre management. His option to buy 50% of the company at a fair price wouldn't have been worth anything, except that 15% inflation (or Greenspan pumping up the money supply by 15% per year with consequent effect on the value of hot dog stands) turned it into an option to buy 50% of a $200,000 company for $50,000. Naturally, he executed his option, and you ended up selling him half the company for 1/4 of its value. The story gets even worse when you meet Nathan II who is an expert in creative accounting... -- Carl

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