Christiansen, the CFO, apparently didn't understand the tax implications. Treading was halted when the stock tanked.
That was September 1996. Within weeks of this debacle, Christiansen quit or was fired from PortaCom.
on MacLellan's Linked-In page, it says " Mr. MacLellan left PortaCom in March 1998 to pursue multiple China based telecommunications opportunities. " That's a polite way to say it -- PortaCom filed for bankruptcy of PortaCom in March 1998.
Here's a fun drinking game -- go to Mac's LinkedIn page:
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