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View Diary: Boston Globe: Romney Lied Under Oath In 1991 (93 comments)

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  •  I am missing something here (3+ / 0-)
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    johnny wurster, coquiero, Sunspots

    When we are talking about a company's stock and the stock is wholly owned by Bain and Tom whosits, then the stock price should be based on internal calculations of inventories, assets etc. Then when they take the same stock that they claimed was only $2 and something in SEALED testimony and run the IPO asking $20 using those same internals cause really in a year not much would have changed then something is screwy.

    American Television is a vast sea of stupid. -xxdr zombiexx

    by glitterscale on Thu Oct 25, 2012 at 06:26:31 PM PDT

    [ Parent ]

    •  Do you know (1+ / 0-)
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      that they used the same internals? Was there any consideration to the fact that the stock may have been a very small minority interest, was privately held, the company had never made a profit, and there may not have been a market for that small interest? The problem I have is that no one seems to know what was used to arrive at that value, just the assumption that not only was it a wrong, it was a lie. It's possible that the estimate was accurate. It's possible that the estimate was wrong, and still made in good faith. And it's possible that Romney lied.   None of those choices are obviously correct.

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