Well if they bought at 60k + you can only hope they had the smarts to eat their loss at 59500.
It's like the L&H voice tech scandal in Ypres, they were going to build flanders speech valley and be like the sillicone valley of europe.
booming biz, people jumping to invest.
then suddenly KPMG audit turns out to be a bust
the entire thing imploded and everybody and their grandmother yelling they got duped and lost their savings.
Duh.. I knew damn well what a hype it was when it happened.
And I know plenty of people locally that got VERY rich off L&H when it took off, and then they sold to the everybody and their grannies.
Obviously the everybody and grannies bought in at 60, and the early rich investors got richer of them.
https://www.wsj.com/articles/SB976143929804554337
hell some local politician was in charge of a union tax investment scheme , told everybody to jump in on that.
blue collar people.. banking their entire retirement on it.They called it a co-op.
he later became prime minister.. turned out as scumbag as I already knew him to be before all of it..
ran off for high level OESO and IDEA chairman ship.. he's a career scumbag now..
https://www.reddit.com/r/belgium/comments/4dauws/can_anyone_explain_to_me_why_arco_is_such_a_big/
the blue collars, well they'll have to be a bit more frugal in retirement now.. some very, cause some dumbasses borrowed for it.
Bit like how some borrow to get in on the crypto.
https://www.nerdwallet.com/article/loans/personal-loans/what-is-a-crypto-loan
Greeeeeeeeed