Wall Street Sells an Oxymoron
(00:00.59)
So Wall Street again looking to rip off the American public. I mean, again, they’re real good at it. They’re real good at it. And what they’re doing is they’re pitching in essence an oxymoron. All right, so you got all of these private equity companies, venture capital companies out there that they want to get out. They want to get out of all of these tiny little makeshift companies.
That they funded they want to get their investors out. They want to cash up. They want to find a greater fool Needing you they want you to be that fool. Um They’re having a difficult time Companies are not going public. We all know that everything is just you know, it’s not happening anymore Money is about price of money has gone up. Everything has changed So now what they’re trying to come up with I’m not making this up. They’re calling it
Private IPOs. Do you understand that that phrase is a contradiction? It’s an oxymoron in of itself. A private IPO. Basically, again, this refers to when you’re going to sell stock and the insiders, the early backers of the company, they want out. They want out. They weren’t in it. They weren’t in it to see the company through to be a success story.
What they were was to fund a company, create a buzz and get some sucker to buy it. That’s, that’s, that is pretty much the business of private equity. That’s what they do. Find me a sucker. I want to unload this dog crap that we finance. And that’s what they’re doing right now. So, um, what they’re doing is, is they’re looking to sell off stock to.
mutual funds, pension funds to this thing they’re calling a private IPO, which would sidestep a traditional IPO. Now, why would, why would fund companies, why would pension fund companies take something on like this? Well.
(02:10.03)
You buy it, I guess you can put whatever value on it. If it’s illiquid, you can’t sell it. They’re buying these shares. It’s a private IPO. In essence, all it is is a private placement. They’re just giving it a new name. And they take this on, they can say, hey, it’s worth X amount of dollars. Again, could make it look like that their fund is doing very, very well. I’ve seen this happen before with hedge funds, buying into penny stock companies and buying massive positions in the float.
There were illiquid companies. You couldn’t sell them, but they said that they were worth a certain amount of money, but they weren’t. You couldn’t get liquid based upon that. Um, again, it’s.
It’s a racket. It is a racket. And again, they’re saying that this is odd, it’s going to pave the way for a future IPO public market. It’s not. It’s not. All they’re looking to do is to get out. All they’re looking to do is find another greater fool, another sucker. Don’t participate. Watchdog on wallstreet .com.
