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The Big Picture: Warner Music IPO ?
by dmv at 9:25 am EDT, Apr 12, 2005 |
] Question: Who in their right minds wants to buy a piece
] of Warner Music Group?
]
] Answer: Somebody must, because next month, a $4 billion
] IPO is going to occur.
]
...
] Think about this: A huge IPO goes out, the public puts
] money to work, and a mere $7 million dollars gos to
] towards operations, while insiders cash out 50 fold times
] more. And, its happening as Warner Music Group is under
] investigation (they just received another Subpoena from
] Eliot Spitzer's office). I find that simply astounding. |
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RE: The Big Picture: Warner Music IPO ?
by flynn23 at 10:41 am EDT, Apr 13, 2005 |
dmv wrote:
] ] Question: Who in their right minds wants to buy a piece
] ] of Warner Music Group?
] ]
] ] Answer: Somebody must, because next month, a $4 billion
] ] IPO is going to occur.
] ]
] ...
] ] Think about this: A huge IPO goes out, the public puts
] ] money to work, and a mere $7 million dollars gos to
] ] towards operations, while insiders cash out 50 fold times
] ] more. And, its happening as Warner Music Group is under
] ] investigation (they just received another Subpoena from
] ] Eliot Spitzer's office). I find that simply astounding. This is pretty shrewd. Not only are insiders going to reap a windfall, but with public money backing the company, it makes the war on P4P and file trading a more 'pressing' issue. You're not just violating the corporate rights, but you're damaging poor Grandma Jones' retirement. |
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