The Slashdot Stock Scam

Earnings, IPOs, and the like

from the how-Wall-Street-works dept

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.”