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Tuesday, June 26, 2018 12:31:30 PM
For example, you sell a share of stock for $1.00 that you pocket ,then you lend the company.50 cents at 12% interest, pay yourself back with heavily discounted shares that you resell for $1.00. Just turned a $1.00 investment into $2.00, all at the expense of shareholders, company writes it off as a loss.
( figures are approximate for example only)
Is that how General Motors does it, how about Proctor and Gamble? Does their CEO lend $$ to the company?
With $100,000 of stock sold by the company almost daily why should the company need to borrow $$.
Some call it double dipping, Bruce would never take advantage of his faithful shareholders.....or woul he?
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