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The Slashdot Stock Scam

Earnings, IPOs, and the like

from the how-Wall-Street-works dept

Fri, Feb 18th 2000 10:46am — Mike Masnick
Chris sends in the following quote from a recent article about stock offerings that it finds questionable: In other words, the only really valuable asset Andover.net ever had—its cash from the I.P.O.—was creamed off by the company’s insiders almost the very instant they got their hands on it, leaving VA Linux’s shareholders to face a 100 percent increase in the float of their own stock for the privilege of winding up with the worthless trash that the Andover.net bunch dumped at the very first opportunity."
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  • identicon
    wonko, 18 Feb 2000 @ 8:23pm

    VA Linux stock...grr.

    As a shareholder of VA Linux, I agree wholeheartedly. Andover.net is the most worthless company I've ever been involved with, and I was infuriated when I read the announcement that they were being bought by VA Linux. Grrrr.

    [ link to this | view in chronology ]

  • identicon
    Anonymous Coward, 18 Feb 2000 @ 9:03pm

    Amazingly

    Slashdot.org won't actually post the article.
    Amazing eh?

    [ link to this | view in chronology ]


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