Originally Posted by Amputate Your Head

I was involved with a few companies back in the dot com bubble that were on the verge of IPO... hell there was no end to them here in Silicon Valley back then, everyone was "the next big thing about to IPO".... some made it, some didn't. But shit, I remember those crazy dot com schemes and businesses spending money like I've never seen before, or since. Insane spending. And it was all perfectly normal. Run out? Just hit the investors up for another check. The general vibe was, "after IPO we'll all be worth billions, so it doesn't matter".

Of course we know how that worked out.... lol

Originally Posted by CarlosTheGaucho

Which stock market do you mean, Jack?

There is a major difference between valuation of assets in the Anglo American banking and continential banking.

While EU stock markets are in general very strict about valuation (as far as I'm concerned you can't include for example future revenues from already signed contracts into accounting etc. etc.) plus everyone is crazy about taxes.

US is exactly the opposite and you try to valuate your company / revenues / figures as high as possible.

An extreme example is what happened with Enron, of course hiring a consulting company to fake your audits is not exactly a standard procedure, but they were granted to use the, now I can't think of the correct term, method of valuation where you operate with all future revenues or revenues that were not cashed yet.

Originally Posted by CarlosTheGaucho

I've accepted the fact that ass fucking is an essential part of today's reality.

Originally Posted by wig

Which is why you want to be the fucker and not the fuckee.

Originally Posted by CarlosTheGaucho

We all enjoy our Pyrrha's victories time from time