To: TideGlider who wrote (4482 ) 7/8/1998 8:47:00 PM From: Arcane Lore Read Replies (1) | Respond to of 6528
Can't tell you the details. It is in the conceptual stage right now. It is really big though...really. ... I think you've already developed it to the point where its ready to go on the OTC BB. Just use the following mission statement and the dollars from the investors should come pouring in:A company for carrying on an undertaking of great advantage, but nobody to know what it is. You'll be happy to know the mission statement has been previously used with great success. Also for the nay-sayers in the crowd there is no need to warn of action by the U.S. SEC against this earlier company. The company saw its salad days long before there was an SEC and, in fact before there was a U.S*. A few more facts about this scam circa 1720: The prospectus for the company stated that "the required capital was half a million, in five thousand shares of 100 pounds each, deposit 2 pounds per share. Each subscriber, paying his [or her] desposit, was entitled to 100 pounds per annum per share." "How this immense profit was to be obtained, [the proposer] did not condescend to inform [the buyers] at that time, but promised that in a month full particulars should be duly announced, and a call made for the remaining 98 pounds of the subscription. Next morning, at nine o'clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when he shut up at three o'cock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2000 pounds. He was philosophical enough to be contented with his venture, and set off the same evening for the Continent. He was never heard of again."is.dal.ca The account given above is from: Extraordinary Popular Delusions & the Madness of Crowds by Charles MacKay. * And the company was British to boot. I wonder if there are ADRs?