Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (24329)	10/4/2000 12:04:07 AM
From: pater tenebrarum	Respond to of 436258

yep...it's also an interesting way of cooking the books: you make an equipment sale by giving the buyer options or warrants on your stock, and then proceed to do an IPO based on those 'revenues' , the cost of which is buried in a footnote somewhere. looking at the printing excesses of the Fed, and the accounting scams that are apparently considered 'normal' now, one is indeed reminded of the third world, banana republics and such...but all of this is a by product of the huge mania. in the 1920's ever more cock-eyed schemes were thought up too while the mania was in full swing. Buffett summed it up quite well...it's called monetization of shareholder ignorance... wait until foreign investors begin to get worried over these practices....i think foreign CB's if they have any sense must be getting a bit antsy when looking at their huge dollar reserves too. which in turn makes one really wonder why they're all so eager to sell their gold...that may yet go down as one of the big blunders in economic/monetary history...