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Tuesday, October 05, 2010 12:42:00 AM
For example.....a CEO of a strugglimg company decided to raise the A/S of his publicly traded company by 250 million shares.
The day before doing this the PPS closed at .0009. The CEO sold the newly printed 250 million shares in a private transaction at a price of .0003. Could it not be said that the CEO sold 250 million shares valued at $225k?
or let's say after working all night printing the 250 million shares that same CEO was extremely hungry. The CEO decided to stop at an all you can eat a $9.99 Buffet. The hungry CEO sat down and gorged himself....let's say he consumed eleven pounds of deep fried onion rings, three hundred chicken wings, four platters of fried pork skin, a seven pound burrito and washed it all down by drinking four gallons of creme soda. Could it not be said that the CEO devoured a meal valued at roughly $225.
On a side note, The same CEO was asked never to come back.
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