These are real people.. not dolphines at Sea World jumping in hoops to grab a fish in an aquarium. These people, in Saudi Arabia, are not protesting for a mulla held at the airport... and they are certainly not celebrating the countdown to the new year.
Beleive it or not... the man on top of the van is throwing out application forms so they can subscribe to a new Initial Public Offering.. to own shares in a company going public. Can you fucking beleive this? These are the sophisticated investors... these are the entrepreneurs that, with their organization, operational abilities, and risk appitite in venturing, will lead us to a prosperous tomorrow!
Now we know oil is selling in the east and in the west like hot cakes... but why are we doing exactly? Are we spreading the wealth from the top of a van like a UN relief mission in Somalia? First come, first chairman on the board? Do these people know the ABC's about proxies, commercial laws, capital financing, or even signing contracts?
Everyone is upset about what happened to the people that subscribed to the NASS shares that were underwritten last month, and once they were listed, they fell in value... basically throwing money in the toilet... you know what I think? Serves them right! If you are so fucking dumb that you can't tell a company that piles dirt and mixes cement was over-valued.. Dana gas had a par value of 100 fils.. which underwritter in their right mind valued a couple of shovels for over 600 fils? And the bigger question is.. how dumb could you be to actually become greed blinded and buy it?!
Its the basic law of evolution.. survival of the fittest... if you're too dumb to hold on to your savings.. the fast talker with the shady lawyer gets to walk away with them.
Now the burning question is why do we have half of the people under age 24 out in the streets boiling with rage because they can't find a job.. where others are cutting each others' throats trying to get "a piece of the pie", and become Wall Street bandits and day traders.. just an hour away from here? Oil prices are going up.. and the smoke in the Awali sky tells me we're in the oil business.. so why are many of us out of jobs? Is it because we're handing out IPO shares to idiots from the top of a van?