Quote:
Originally Posted by will76
That would require one fat wallet.
Maybe Andrew, but I doubt Lars made out like some of you seem to think. Don't forget he sold Cams.com to Andrew for a 10% stake in Various INC. Which then about a year later sold to Penthouse for mostly stock/paper that wouldn't be paid on till they went to an IPO. Even though they sold for *500M* since the IPO ultimately was reduced from 500M to 50M I doubt they collected as much as you think. Then whatever cash they did get, Lars only got 10%. While I am sure he still walked away with million(s), it was a fraction of the "500M" they sold the company for and I would bet anything Lars would have made more money by now if he would have just kept cams.com
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financial advisor Will hitting us with some knowledge again pow pow.
If the sale of Various INC was for "mostly paper" why did Penthouse need to raise so much cash to fund the transaction?
Think about it for a minute champ.