yeah
selling shares is always made out to be a 'pinky scam ' thing
but maybe a few peeps noticed this today
and if not
well here it is
Aig Raises Around Us$6 Bln By Selling Aia Shares
Insurance company AIA Group Ltd. said Tuesday major shareholder American International Group Inc. raised approximately US$6 billion from selling AIA Group shares in a placement, as the U.S.-based company seeks to further reduce its debt to the U.S.government. (published 0059 GMT
so
as is evidenced from this
what i've been saying for a long, long time on this and other boards
co's go public to have the ability to raise money
AIG is trading at $30.39 and has 1.9 billion shares outstanding
companies don't go public so that they can deal w being called scammers and thieves and whatever else people say about them
so imo, CAGR having to raise funds, to further business is ok by me
and i'm sure for all the rest of the longs
no one likes to see their investment go down
but if that's what it takes to get rolling for better days ahead well so be it
i didn't ck to see if AIG was posting their CC or not
i'll report back later w more details