Reminded me of something I received recently:
ENRON VENTURES USING DERIVATIVES : You have two cows. 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 cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release. The public buys your bull!
- Forums
- ASX - By Stock
- ANZ
- jpmorgan warnns about anz first wave
jpmorgan warnns about anz first wave, page-17
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
$29.83 |
Change
0.230(0.78%) |
Mkt cap ! $89.41B |
Open | High | Low | Value | Volume |
$29.70 | $29.91 | $29.63 | $101.8M | 3.417M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8199 | $29.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.83 | 28903 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8199 | 29.820 |
2 | 8567 | 29.810 |
1 | 8148 | 29.800 |
3 | 31289 | 29.790 |
4 | 10319 | 29.780 |
Price($) | Vol. | No. |
---|---|---|
29.830 | 28903 | 3 |
29.840 | 1931 | 2 |
29.850 | 24589 | 13 |
29.860 | 24058 | 5 |
29.870 | 13535 | 3 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
ANZ (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online