capt dom
Hero Member
Now I have heard some bizarre stories out there....
Does anyone have the real sccop?
Does anyone have the real sccop?
capt dom said:.... and who are the true black pirates of the 21st century......
like ghouls...... they are even taking similar names.....
LSMorgan said:In tournament poker, there's a saying- "overselling yourself".
It's common for winning tournament players to sell pieces of their action to offset the up-front costs and variance.
From time to time, a dishonest one might get strapped for cash and intentionally 'oversell' themselves- meaning, they'll go to 50 people and sell each one 10%, pocketing the balance. Obviously, this means that they must bust out early, since cashing would put them in deep doo-doo. It's usually not that hard to lose on purpose if you're trying but from time to time, randomness smiles and players who've oversold themselves wind up hitting a few miracle cards in a row and find themselves with a huge stack- or even chip leader- with not enough time to dump it all off before the bubble breaks and they're in the money, owning 10%, forty times over.
I wonder if that isn't what happened here.
Does anyone if the investments were structured in terms of shares, or raw percentages?
It's not too hard to imagine someone getting 'the fever' and selling percentage after percentage to fund the quest, until one day they actually found the ship that they had already sold off 180% of the rights to and too many people were involved in the location efforts to deny it.