Christiansen, the CFO, apparently didn't understand the tax implications. 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.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.