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Reader Comments (2)

Posted: Mar 6th 2010 7:34PM (Unverified) said

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There is no way a business crashes and burns in two weeks without the CEO having a clue. Of course Wilson knew. Plans and contingencies are laid, and trends monitored.
It is, however, not only his prerogative, but his duty to lie through his teeth about it to the public, and likely even to most of the non-senior staff. Causing worry or panic about troubles and rumors about closure would only make it harder to salvage things.
The straw which broke the camel's back may well have come during the last two weeks, prompting them to shut down gracefully, but setting up conditions for that and evaluating them is not a two-week process of utter surprise.

Posted: Mar 12th 2010 1:42PM (Unverified) said

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He may have just put the latest numbers together and saw where things are headed.

On the subject of Lindex trading, dumping more L$ into the market makes it *more* stable pricewise. Its the lack of orders at a given price that lets the price move to the next price slot. Since the trading margins have been squeezed as far as they can go, anyone attempting to shift the price on their own will lose money doing it. Its more likely that a withdrawl of a major trader or estate owner from Lindex trading would cause the market prices to shift, from a lack of orders.
The actual experience is the main prices have not budged at all in the past year from 259/269 sell and buy.

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