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/biz/ - Business & Finance

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8749712 No.8749712 [Reply] [Original]

> If any of you have seen the documentary “The China Hustle” (highly recommend), they actually directly address this issue. Small-cap Chinese companies were listed on large US exchanges through reverse mergers, and US investment banks initiated this process and sold shares in these companies and enormously profited. However, these companies were dramatically over-inflating their balance sheets and revenue numbers - thus leading to a skyrocketing stock price. How were these companies/investment banks able to pull this off? They used brand name audits from the Big 4 to give the shady companies a “stamp of approval”, but instead of using the centrally based operations (which would be much more likely to find issues/discrepancies), they used the Chinese based operations (aka “PWC China”). Different offices of these firms operate completely on their own and the merit of a “Deloitte China” does not equal that of simply “Deloitte”.

>In fact, the documentary even uses PWC as an example. Quote from the documentary -“Many of these companies will say - ‘Well look, we are being audited by PWC’ - no they’re not, they’re being audited by PWC China, which is like a franchise, it’s not really PWC”

Last chance to exit

>> No.8749739

neat

>> No.8749764

>>8749712
yes its probably a scam but it has a very talented whale or whales in the pool who can pump it to the moon, i'm guessing they're not done yet

>> No.8749790

thank god, the vechain fud is starting again
maybe we will see a bump

>> No.8749804

Damn, poor Jim Breyer and Tim Draper fell for such an obvious scam. Good thing we have great minds on /Biz/ to help us avoid getting scammed on this.

>> No.8749907

>>8749804
Difference is both of them got VEN for under 10 cent and many more just for endorsing VEN.

This shit coin can go to 10 cent and they still made a profit to the people who invested in them.

Try to say the same thing while you are holding bags at 6$ per coin.

>> No.8749935

>>8749907
No they did not, Tim Draper and Jim Breyer are NOT strategic partners. They are investors. They are not going to be running dapps on the blockchain. The pool is for people who need VET/VETHOR to use the blockchain such as DNV GL and PwC. Jim Breyer and Tim Draper both had to buy from market, and since Jim Breyer recently removed the 'I do not own any VEN' disclaimer on his quora article we can assume he bought within the last month or so.

>> No.8749998

>>8749907
>Difference is both of them got VEN for under 10 cent and many more just for endorsing VEN.
No they did not
Also..
>A small start-up is paying a billionare venture capitalist who's reputation is everything (he's refered to by Forbes as the "Midas touch investor") peanuts to eventually come out as a scam and tarnish his name that he's worked so hard for
Yeah I'm sure he'd go for that

>> No.8750263

>>8749935
Delusional.
Mcafee charges 100k for a tweet how much do you thjnk these guys on your site is worth?

>> No.8750404

>>8749712
at least this is kind of new fud. i'll give you that.

still retarded lvl though. max 3/10.

>> No.8750463
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8750463

>>8749712
Thanks OP, sold 500k

>> No.8750528

>>8750263
Lmao this is pathetic just buy in man it’s dirt cheap right now stop this pathetic fud strangers all over the internet are looking at you like a retard

>> No.8750566

>>8750528
but Mcaffe does make 100k per tweet of a ICO.Actually a little over 100k

Only literally desperate people would buy now in when everything is stacked against you to lose money.

>> No.8750611

>>8750566
McAfee is a washed up loser with nothing to lose

>> No.8750626

Lets all just take a deep breath zoom out to the weekly chart and figure out which elliot wave we are in.

>> No.8750772

>>8750263
Also the only other crypto JB was involved in was eth. Can't compare him to somebody who will dance for any shitcoin.

>> No.8750857
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8750857

>>8749712

>> No.8751242

>>8749935
>>8749998
All these appeals to authority like Jim Breyer and Tim Draper are so cucky. A core component of your investment strategy is based around 2 guys who you didn’t even know existed 2 months ago. And now your tongues are so firmly up their buttholes it’s pathetic. You are literally brainless followers and are easily led by authority figures. And don’t think for one second they had to buy VEN on the open market either. You’re truly naive if you really believe that.

>> No.8751277

>>8751242
your insecurities are showing.

>> No.8751328

>>8751242
sheep being led to slaughter. OP is right, China was founded on fucking fraud and theft. IP theft is their latest scheme. But ya buy VEN because some rich fucks are advisors lmfao fucking morons.

>> No.8751711

>>8751242
Most people above the age of 17 knew who JB is. It's ok if you knew nothing about him or his reputation up until 2 months ago, but your projection is annoying to read. I got in before JB so my reasons for investmebt have nothing to do with him, but he certainly knows better than you or I do.

>> No.8751867
File: 161 KB, 424x617, 1516760990321.jpg [View same] [iqdb] [saucenao] [google]
8751867

>>8751711
Kek, there were probably a handful of people in the crypto community that knew who Breyer was before Vechain. Every VEN bagholder claims they bought in Nov or Dec, just the lies they tell themselves.

>> No.8752706

>>8749907
prove that they bought for 10c or anywhere near it and I'll market sell my strength X node right now. i'll be here refreshing the thread until you do.

>> No.8752755

>>8750566
how retarded do you have to be to compare john mcafee to jim breyer