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To: Smiling Bob who wrote (260667)7/14/2010 11:00:28 AM
From: neolibRespond to of 306849
 
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Describes a large part of publicly traded companies throughout history and why the mkt is mostly nothing but a license to fleece by creating their own currency/money tree/atm in the form of stock certs.


Not only that, but even when they stop minting new shares, the fortunes of the company (via news, gossip, sales reports) and the existing share circulation provides a casino for the public to play at.

I wish somehow we could track the total flow of funds related to a single companies stock from IPO to bankruptcy and show how wealth actually transfers in our economy. Might be pretty educational. I assume quite a few $ from wage labor flows via small investors of modest means to support non-productive lavish lifestyles of VCs, startup founders, and the earlier tech employees during the early years, while the mid to later portion of the company life it serves as a means for unrelated parties to gamble, using the company & its news as a vehicle for trade.