As the movie reached its denouement we realize that their brokrage company is selling fake stocks, and that this would eventually bring in the Feds to shut them down.
What I didn’t understand is how someone can buy stock that is not listed on a stock exchange?! The plot had something to do with all the mentors at the firm buying property from one another that somehow became the new businesses that they were promoting. What did I miss?
yeah i dont blame anyone for not responding. i wouldnt want to admit to seeing this gawdawful movie either, but it was on cable last night. was i the only one who watched it?
::silence, some brief chirping, a tumbleweed rolls by::
okay, aparently so!
as I understood it, the stocks were real but the businesses were phony. so, they have a piece of property, incorporate a fake business, have fake press releases and an actual IPO.
You aren’t the only one. Mr. Grace has seen this movie at least half a dozen times. [embarassed]We even have it on DVD[/embarassed]. When I go home this evening, I’ll ask him go explain the movie to me. I’ve never seen it. Okay, that’s a lie. I started watching it the other day and then I realized that doing laundry was more important.
I can’t speak about the specific in that movie, but I know this scam has been done IRL before. So, yeah, the basic premise is plausible.
They’re called “pump and dumps”. The part that didn’t make sense is that the firm only does “pump and dumps” and they escape notice for so long
And, geez, “Download the contents of your hard drive to a floppy disk.” :rolleyes:
When the writers came to visit our class at 'SC, and somebody called them at this, they kind of chuckled, said something to the effect of, “we didn’t know what we were thinking,” and pretty much looked like they were ready to die of embarrasment.
Yeah, I noticed that too. Then I thought maybe they meant a zip disk, but nope, there he was with the 3 1/2 inch floppy, copying an entire C: drive in about 15 seconds
The fact that they knew the hard drive is almost always ‘c:’ should be enough to know that the contents won’t fit on a floppy.
And why would he have to do that anyway? I figured the army of agents that stormed the building would confiscate all the computers and give them a good going over.