BREAKING NEWS:

It appears necessary to write this. All content contained within this blog is the sole property of Cali MJ Fan, unless otherwise Sourced as another's proprietary work. Copyright 2009-2011. All Rights Reserved. You are free to link, share and repost with content in full, as it appears, and must include a link back to this blog. Thank you for that courtesy. Much L.O.V.E., Cali

Monday, April 26, 2010

Kraken Opus a tax investment?

Interesting read on the premise of what Kraken Opus started out to be back in 2002.

This article dated 2005, is titled Fowler's magnum opus and can be found on the UK's Telegraph website here

This is my favorite line: 
As the majority shareholder in Kraken, Fowler's stake will be worth more than $50m if, according to plan, KSM floats in the second quarter of 2006.
Whoops.  I guess by 2009, something went a bit off course.  There's the London Gazette's article about Kraken Opus insolvency June 26, 2009 (also seen in other articles elsewhere as a management buyout). 

In case anyone wonders why Goldman Sachs rings a bell in recent memory, well, the SEC (US government agency) just filed fraud charges against Goldman Sachs.  SFGate:  The Goldman Sachs Fraud Explained

NOTE:  Current events about Goldman Sachs is mentioned only because this is a current event in the US.  Karl Fowler left Goldman Sachs back in 2002 and it is not implied he is/was involved in the current US story. 

2 comments:

  1. Just one word: SAD!!! It's a sad sad thing!

    Cali- Hunny please rest! I thought you wrote you were going to shut your computer off!!! We need you healthy!


    Much L.O.V.E

    ReplyDelete
  2. Just another one word: SHAMEFUL !!!...really, I wonder how this kind of people could put their heads on the pillow every night and sleep...Do they sleep at night???...
    Sooner or later the truth prevails, and the lies goes against the liers...

    And you sweetie...3 posts today???...too much work...Shut your computer off !!!!, and rest, please!!!...
    WE WANT YOU HEALTHY!, KRAKEN DONT WORTH YOUR HEALTH DEAR !!!...
    REMEMBER YOU ARE OUR TREASURE AND BELOVED PRESIDENT OF IACOP !!! HAHA!! OK??

    ReplyDelete