ENRON CAPITALISM: you have 2 cows. you sell 3 of them to ur publicly listed co, using letters of credit opened by ur brotherinlaw at the bank, then execute a debt/equity swap w an assoc offer so u get all 4 cows back, with a tax exemption for 5 cows. the milk rights of the 6 cows r transferred via an intermediary to a cayman islands co secretly owned by the maj shareholder who sells rights to all 7 cows back to ur publicly listed co. the annual rpt says ur co owns 8 cows w an option for 1 more. no balance sheet provided. the public buys ur bull. 
at 1712976076000
- killerjoe1941, Krisargent and CurrentNobody like this
