LogFAQs > #948500055

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Topic	Stock Topic 13
red sox 777 12/18/20 5:18:56 PM #144:	It's worse than LK from a business point of view. It's not as bad from the point of view of, "is the management just taking all the money invested by shareholders and funneling it to themselves?" That's why LK was valued for a while at literally less than the cash they raised from shareholders - people were afraid the money was already gone, paid to the founders, and impossible to recover in China or the Cayman Islands or wherever LK is based. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:948500055] in Stock Topi... [t:79161174]...</cite> <quote>It's worse than LK from a business point of view. It's not as bad from the point of view of, "is the management just taking all the money invested by shareholders and funneling it to themselves?" That's why LK was valued for a while at literally less than the cash they raised from shareholders - people were afraid the money was already gone, paid to the founders, and impossible to recover in China or the Cayman Islands or wherever LK is based. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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