I and others worked for Hudson Conway a few years ago, and we were approached to buy shares in a Co called Ariadne, my first thoughts were, they are only 9cents and stated this, but was told dont worry about that you will recieve 18cents for them, he needs a tax loss, the person I am talking about was VERY RICH I stated to the person i was directly working under this person does not know me,He- your shares will be pooled and you will recieve 18cents p/s I did not trust them ,what a idiot I am, they got the said money and he claimed his Tax loss, and that Loss was quite substantial, A speculative stock and he was also Audited
was approached by a person that was in his finance Dept also a few other people working for that Co.
LNC Price at posting:
$1.90 Sentiment: None Disclosure: Not Held