i almost thought it was a cia cover company

and a personal history

> Lessons to be learned even a pretty obvious fraud can go on much longer than one would think if the organizers are ruthless enough. My original short position would have gone against me 25x over 12 years and the share price even after today's disaster would be higher than back in 2008 (just to be clear: the company is worth ZERO in my opinion) a company that goes against people who write negative articles as aggressively as Wirecard has something to hide if the profitability of a business can not be explained by its business model, then most likely something is very wrong (greetings Bernie Madoff) 99% of professional investors and analysts don't care about these things even if you tell them. A lot of people knew that the company was fishy but hey thought they can make money anyway and a lot of people made a lot of money over the years Small companies with far flung operations in difficult geographies should be avoided (see Globo Plc) as this makes fraud difficult to detect for auditors A big 4 Audit firm is no proof of quality.

Enron is one example of how these things can turn out, but Herbalife (HLF) is another. HLF is a multi level marketing company; they a shady company in an inherently shady business; they have far flung operations; they aggressively went after people expressing negative information; they had questionable accounting; and there were eventually regulatory rulings against them. But they also are a profitable business that sells stuff that people want to buy. They started getting a lot of press over being a fraud in 2012, today the stock is 30% higher than the 2012 peak, and Bill Ackman cheap louis vuitton bags from china lost around $1B shorting it before he gave up."Fake it 1:1 replica handbags til you make it" isn just for tech startups. A lot of companies juice results with a bit of fraud, but eventually get good real results anyway. It hard to tell the difference between an outright fraud and high quality designer replica handbags a healthy company with aggressive accounting.

Louis Vuitton, Harley Davidson, etc do not give people the illusion of owning their business and do not encourage them to stockpile garbage products in their garage to keep their "status" in their "business". Even if you are stupid enough to go into tons of debt and fill your garage with Harleys, there will be plenty of buyers who will be happy to take it from you at a small loss. In comparison, nobody will buy a garage full of Herbalife the cost of shipping would be more expensive than the market value of the product itself.

None of this went unnoticed as soon as the company came Perfect Quality Louis Vuitton Replica to public attention. One of the first discussions on HN about Theranos had people being impressed with the big names on the board, and other people noting that it lacked connections to the healthcare industry.> That is a pretty stunning board of directors as well. I don doubt their CEO can get an introduction to, and lunch with, nearly anyone on the planet.> This board seems heavily geared to do deals for defense related applications. That fine; getting deals with the Armed Forces and VA is feasible and quite rewarding. What they overtly lack is connections to the healthcare world. I surprised they aren publicly roped into Cleveland Clinic, Mayo Clinic or Kaiser, as they to support novel technologies in this space. I suppose you can argue that the business model is fundamentally incompatible, but I seen Mayo and Kaiser go in anyway; they can acquire these labs and roll them into operations pretty easily.> That BOD is stunning with heavy national security military operations. I almost thought it was a CIA cover company.> So, it a health testing company that will keep all my blood related health information and make it "actionable", with the backing of James Mattis, William Perry and none other than Henry Kissinger. There are more soldiers in that board there than doctors. The only way I give them my blood would be to infect them with a disease.> Wow. She must be a pretty amazing woman to have collected such strong allies. I have lunch with her.[This last one was downvoted, but is probably the sort of reaction Theranos was hoping to engineer.]

I wrote this here a few days ago: Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network of international corporations. Such complex setups have a very limited purpose. It can basically be only tax "optimization", hide fraud or hide ownership (UBO). Per day. You may also want to read at Bronte Capital about Alibaba. "the company is worth ZERO in my opinion)"This IS a possibility. But the stockmarket exaggerates always in both directions, "like a sausage dog on a leash, sometimes walks in front of you, sometimes behind you but always comes back to you" KostalanyIf you want to make a gamble there could be buying prices now or soon. But it stays a gamble."Even a good company can be too expensive" Buffet"Even a shitty company can be cheap" me

amusingly: back in 2019, when journalists pointed out irregularaties in the company accounts, the German Financial regulator reaction was to ban short selling of their shares. and then issue legal proceedings against the journalists> On Monday, BaFin banned further short selling of shares in Wirecard, the Dax listed payments services group. The stock has dropped steeply after FT reports raised questions over the validity of accounts. "It fell, so it has to go up again next!" "It cannot rise further, it already at its all time high." No consideration for the actual value being created. At some level, you fake louis bag cannot blame them, TINA and monetary policy actually make it true. On one end of the spectrum, money is something real and valuable. It decides, for how long you have to work, whether you have to live in your car or what you can afford to eat that day. On the other end, it a a surreal thing.

That a symptom of the problem GP is alleging, though: of companies obtaining returns by mooching off the free capital provided at taxpayer expense to grow your market share at the expense of others. Stock market returns don show it, and they should. The efficient allocation of society capital depends on honesty and fairness here, and instead this gap is papered over by government intervention, meant first and foremost to prop up politicians careers, in an unsustainable sham. It will go better for society if we are honest about it than if we wait for everything to collapse when we are truly put to a test and find there is nothing to our prosperity but a mirage.

I concur with zpeti's sentiment that "I think the markets have been completely messed up by stimulus since 2008, and it only getting worse."And as you, Qasaur, say: "this replica louis vuitton handbags erroneous monetary policy will only stop if politicians and central bankers are willing to stomach a harsh market recalibration, but seeing as they seem to not be willing to do that judging from their recent actions so I fear that this systemic malinvestment fake designer bags and inequality will just get replica louis vuitton bags worse and worse until something breaks."I think society has reached that breaking point and starting to show the cracks. Digging underneath the protests in cities like Minneapolis or Seattle, as they have revealed, what you find is rooted in socioeconomics.

1:1 replica handbags Honestly, Hertz selling stock didn seem that crazy to me. "We need more money, or we going under." They basically asking for new fake louis bag investors to make the business solvent. How is this any different than a startup asking for more investors prior to closing shop?Frankly, not unreasonable either. The entire travel industry was destroyed overnight, so it entirely possible they could emerge from insolvency with an infusion of capital and be just fine. I not putting my money on it, but it not the most outlandish thing I heard either. put in tubing for cables without completely opening up roads) that they would sell to leasing companies they controlled themselves. Those companies would then lease back the machines to FlowTex, which would supposedly provide them to construction companies. The lease back of the machines allowed the leasing companies to get bank loans to fund the buying of the machines. That alone would be legitimate, the problem was only that most of the machines existed only on paper, FlowTex simply sold the same machines over and over by aaa replica designer handbags just changing the serial cheap louis vuitton bags from china uk number plates on them. So overall a pretty simple pyramid scheme which required FlowTex to sell more and more non existant machines to cover the leasing costs it paid. When it eventually collapsed the scheme had caused a massive amount of damage to banks and the state. I not be surprised if Wirecard turns out to be a similar case, it just hard to imagine that they really got defrauded by their banking partners and that a company of this size would simply entrust 1.9 BN to some random lawyer based on the Philippines, this is almost certainly a cover up story.

It signals to a lot of us that there are very different rules when playing on the "elite" level of the economy.