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Tuesday, May 07, 2024 4:28:23 PM
[color=red][/color]$AXXA
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Enron Corp collapsed in Dec., 2001, a victim of hubris and aggressive accounting practices. The accounting firm Arthur Anderson, LLP went down with it. It was a spectacular demise, a lesson in how officers were able to book future profits as current, but hide
debts and losses in commodities and energy contracts from shareholders. I myself have never been in the energy field or in the private sector.
Well, $551 stock traded hands today in our $2,185,000 company. Saddled with onerous debt, questionable assets, no one appears to be looking our way. Unattractive to buyers and investors alike. People shopping for an investment seem to be skipping past this one. Looks like the stock price is marked down to salvage value. Aye.
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