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.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: David Lee Smith who wrote (6435)	2/1/2001 1:47:47 PM
From: CharlieChina	Read Replies (1) \| Respond to of 19219

Here is an excellent scam that a lot of the Canadian investment bankers were using within the Ottawa region in 1989 and 1999 for financing Tech companies. Since it was difficult to evaluate the market value of a tech company, the insiders and bankers determined that for every engineer on staff the person would be worth $1,000,000 net-asset-value. Therefore, 6 months prior to a financing, the Canadian high tech companies would go through a high tech head hunter and hire a bunch of engineers( the term at that time was referred to as a swarm). They're were stories of engineers working 2 hours a day playing golf the rest of the time and keeping their mouths shut. Summary 1. the engineers make a good salary and only work 2 to 3 hours a day; 2. the company receives lots of new cash; 3. the investment bankers makes a lot of fees; 4. and the public gets the shaft. It worked in the US as well but on a more complex and larger scale. now thats ...Inside High Tech Tulip Mania