THE TAX CUT
Click here to see a 2-minute movie. (Warning: Contains harsh criticism. Political discretion advised.)
David D’Antonio: ‘Perhaps I misunderstood what he is saying, but I took Mark Foley’s comments to mean it was ‘revolting and unforgivable’ to ask questions and pry into his sex life – regardless of his orientation.’
☞ Is asking a guy whether he has a girlfriend prying into his sex life? Is asking a guy whether he has a boyfriend prying into his sex life?
Most would not consider the first revolting and unforgivable. So the second is only revolting and unforgivable if there’s something terribly wrong with being gay.
Mark is perfectly within his rights to imply that there is. The rest of us are perfectly within our rights to find that wrong-headed or – in case he actually is gay – sad.
(For the record: According to the May 30-June 5 editorial in the Boston Phoenix, it was not ‘Democratic activists’ who outed Mark Foley, but a right-wing Republican primary opponent. And the St. Petersburg Times reported: ‘While Foley blamed Democrats for spreading rumors about him, virtually everybody mentioning the issue to this newspaper before his news conference was Republican.’)
Remember Borealis, ‘the little stock that is surely going to zero?’ I haven’t written about it in a while (use this web site’s search feature to find the past columns), but the long and short of it is that I am very long this stock even though I should probably be very short it. They claim to have patents on technology that will revolutionize the world (oh, and an iron ore deposit worth a billion dollars). By now, the company has spun off minority interests in a couple of these projects, which have their own tiny market capitalizations. The parent stock, BOREF, trades in tiny volume, most recently at $2.75 a share (on the low side of the same general ballpark it’s been in for years now), giving the entire company a market cap of about $14 million. It’s surely going to zero, because if it weren’t – if even one of their claims panned out – it would go to the moon.
Supposedly, one of their companies finally has something to sell:
Gibraltar, 28th May 2003: Chorus Motors plc (CHOMF), will be
demonstrating its new Chorus® Meshcon(tm) technology at the Drives
and Controls 2003 exhibition at Birmingham NEC, United Kingdom, June
3rd-5th 2003. The company says the new Chorus Meshcon design can
reduce power silicon costs by up to 70%, creating an attractive
profit opportunity for motor and drives companies.
. . . “We are not asking companies to take our word for it [says the CEO]; they
can come and look at the demo in action, and if they like, they can
purchase some units which they can test in their own labs. Chorus
Meshcon is a fantastic advance, and we welcome critical evaluations.”
Chorus Meshcon will be exhibited at stand C100 during the show, with live
demonstrations of a small 1.5hp motor run head-to-head with an identically
sized motor using conventional technology.
As I’ve said all along, this is a wild speculation. But if you can truly afford it, I can think of dumber ways to lose your money than buying 100 shares of BOREF. My secret hope is that it will all pan out and I will be rich beyond imagining.
Quote of the Day
Your average Wall Streeter, faced with nothing profitable to do, does nothing for only a brief time. Then, suddenly and hysterically, he does something which turns out to be extremely unprofitable. He is not a lazy man.~Fred Schwed, Where Are the Customers' Yachts?
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