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Re: Election 2019, Week 1
Quote:
Originally Posted by Pierre
I worked for ntl at the time, and had shares which just before the bubble burst we’re valued at something like $130 per share, within weeks they were worth less than $1.
Yes of course, they had liability of 11billion and in return were given a company worth substantially less than that at the time, and had to be recapitalised with new investments in order to operate.
Many telcos went into Ch11, and their assets once worth 10s of billions sold off for substantially less than their worth.
Worldcom, Global Crossing, 360 networks I could go on and on.
Believe me people lost money.
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Don't remind me of that my bum still hurts.
my friend who was a company director lost just over £1,000,000.
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To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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