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-   -   Nice way of becoming a billionaire (https://www.revscene.net/forums/563480-nice-way-becoming-billionaire.html)

Rev 02-05-2009 08:18 AM

Nice way of becoming a billionaire
 
..just gotta find a way to get SEC off your back : )

http://www.vancouversun.com/business...132/story.html

Quote:

An essentially worthless Vancouver-based bulletin board company with a controversial Burmese businessman working behind the scenes has been halted by U.S. regulators after its stock market value rocketed to more than $1 billion US.

Curiously, it makes no mention of her principal vocation. For the past 12 years, she has been registered in B.C. as a mutual fund salesperson. Since 2005, she has worked at the Vancouver branch of Portfolio Strategies Corp., a Calgary-based investment advisory firm.

At the time the prospectus was filed, Future Canada had no operating history. Its proposed business -- to help Chinese companies reduce greenhouse gas emissions -- was remarkable for its lack of specifics.

The company had only $50 cash in its treasury, which it had raised by selling five million shares at 0.00001 cents each to Chiang's sister.

StaxBundlez 02-05-2009 11:30 AM

wow that is amazing
there is definitely a higher power at work here...
how the fuck do you get through two countries with the help of the DEA?
im not accountant.. but when you have a book value of over 1.1billion and your negative 55,000 in your treasury... uhhh how does that work??
atleast the SEC caught SOMEONE...
but they are still minus 50 billion from the Binard Madoff Scandal


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