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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KeepItSimple who wrote (46843)12/12/2000 8:48:35 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
that's indeed the perfect description of a stock selling scam:

<<Newsweek, for example, recently said in a story about the failed teen site Kibu.com, which closed in October, a month or so before completely burning through its multimillion-dollar venture capital investment, "It didn't technically fail: those high-profile investors concluded that the start-up wouldn't work in the post-Nasdaq-crash environment."

"If a venture isn't going to work, it's better to stop it soon rather than later," Newsweek quoted Doerr saying, as if he were speaking wisely.>>

in other words: "since we couldn't sell the stock, it wasn't worth it" . in short, it never possessed any value as a business proposition...it could only have survived with an infusion of bag-holders money.
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