You have two cows… August 19, 2006
Posted by Al in : funny , trackback… is a well worn expression for different business models, and not that funny. But I like Hong Kong and the funniest one I found was the following, so I had to blog it.
CAPITALISM — HONG KONG You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt / equity swap with associated general offer so that you get all four cows back, with a tax deduction for keeping five cows. The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the rights to all seven cows’ milk back to the listed company. The annual report says that the company owns eight cows, with an option on one more. Meanwhile, you kill the two cows because the feng shui is bad.
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