Comments on: PCCW privatisation blocked by the Appeal Court: Lose-lose situation http://www.hkfinancialnews.com/2009/04/23/pccw-privatisation-blocked-by-the-appeal-court-lose-lose-situation/ What you need to know in order to out-beat the Hong Kong Stock Market Mon, 10 May 2010 14:29:09 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: shumotoriki http://www.hkfinancialnews.com/2009/04/23/pccw-privatisation-blocked-by-the-appeal-court-lose-lose-situation/comment-page-1/#comment-304 shumotoriki Wed, 22 Apr 2009 21:03:36 +0000 http://www.hkfinancialnews.com/?p=140#comment-304 I agree it's a lose-lose for both parties whose egregious greed continues to destroy what's left of PCCW. Hopefully there's no drawn out appeal and minority shareholders who should have exited their losing trade long ago can now go back to their wishful thinking and continue to hold and hope to eternity. Richard Li's flagrant attempt to "arb" what value was left in PCCW was not going to be tolerated by anybody given the business environment and his horrendous track record. He too can go back to wishful thinking and continue his losing ways of chasing dying business trends well after the bubble has burst (dot-coms, privitizations, etc) using daddy's money. Maybe he can start securitizing mortgages in structures which magically transform dirty CCC subprime assets into pristine AAA assets. I hear it's all the rage these days. If anything this is a minor win for social equality, although there's probably more efficient ways to go about achieving such a lofty goal than holding onto losing stock for 8 or 9 years and then spending time and money in court to fight a rich kid who has all the resources in the world at his disposal. And it has to be said, equality had nothing to do with this case anyway, it was all about misplaced greed. I agree it’s a lose-lose for both parties whose egregious greed continues to destroy what’s left of PCCW. Hopefully there’s no drawn out appeal and minority shareholders who should have exited their losing trade long ago can now go back to their wishful thinking and continue to hold and hope to eternity.
Richard Li’s flagrant attempt to “arb” what value was left in PCCW was not going to be tolerated by anybody given the business environment and his horrendous track record. He too can go back to wishful thinking and continue his losing ways of chasing dying business trends well after the bubble has burst (dot-coms, privitizations, etc) using daddy’s money. Maybe he can start securitizing mortgages in structures which magically transform dirty CCC subprime assets into pristine AAA assets. I hear it’s all the rage these days.

If anything this is a minor win for social equality, although there’s probably more efficient ways to go about achieving such a lofty goal than holding onto losing stock for 8 or 9 years and then spending time and money in court to fight a rich kid who has all the resources in the world at his disposal. And it has to be said, equality had nothing to do with this case anyway, it was all about misplaced greed.

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