Thursday, June 23, 2011

Question 677: Having a sense of adventure

You have two _X_s. You sell three of them to your publicly listed company using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four _X_s back, with a tax exemption for five _X_s. The milk rights of the six _X_s are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven _X_s back to your listed company. The annual report says the company owns eight _X_s, with an option on one more. You sell one _X_ to buy a new president of the United States, leaving you with nine _X_s. No balance sheet provided with the release. The public then buys your bull.

What now? And give me X(which is VERY obvious)


Venture Capitalism. Enron Venture Capitalism to be more specific.

X - COW :D


Nanda said...


Dirty-i said...

RBS venture capitalism..?

Pi.R.Square said...

ecconomis of cows