15. Were you involved in the planet 411 venture capital stock scandel?
I only wish I were - those guys made a KILLING.
Unfortunately at the time, that was my first internet job and I was only data entry. By the time I started advancing to programming, the company went bankrupt due to the "scam".
In brief, there were about 12 owners, who ran a company with 40 or so employees, never actually launching a real finished product. However they had huge hype and investment behind the project; they even had billboards for their "canadian portal" website on buses and in the metro.
Well once the IPO completed and stocks flew up to about $8, they all sold out - all became rich. Every employee had numerous stock options as well, which would have been worth quite a bit, but there was on catch: they could only be exercised after a certain date.
By that date, they had fallen completely off the charts and the shares weren't even worth a fraction of a cent
