Nov 03
The current IPO street estimates of $26 to $29 bucks has the government losing about 30% on each of the shares it will sell as part of the forth coming IPO.
So the question is…. if the government has the majority of the stock, why are they permitting an IPO that will lose them money? So they can manipulate news reports to make it look like they are making money? Why else?
Either try to make a buck, or just admit you wasted taxpayer money to prop up a favored consituency.
December 29th, 2010 at 2:56 am
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