This means we are not living in a free country. The Government is setting the sell price the interest rate and how much the buyer and seller will pay at closing. All the profits goes to the Government and the stockholders get nothing. Welcome to shark tank at its best.
Nice dream, but that is all it is. Citi need to learn how to increase its profits each quarter and the CEO (Corbat)doesn't seem to know how to make that happen. It looks like they need a new CEO or split the bank up.
When will you ever get the truth out of a lawyer,Hum. This guy has been ripping off the stockholders from the very beginning and he is good at it. Now, can he buy the stock back for .00001 per share and find a different location and do it again. He probably has a deal with the owner of the property to sell him a cheap barn. This guy is a scam artists and most all the stockholder are still defending him which shows you how good he really is.
And with no licenses $.00375. This BS has been going on for a year. It started out that all the delays were due to winter weather and they were waiting on spring. Now its fall and they are still waiting. How do you know when a lawyer is lying, his lips are moving. and I believe bill is a lawyer.
It's easy to tell someone else to save more money when your eating a steak dinner(if you eat red meat) while the other person is having a peanut butter sandwich for dinner and that's all they can afford in their budget. Maybe she needs to go and visit the poor educated working class.
rr303 you haven't got a clue when I bought or how much and you don't know my profit. You don't know whether I am long or short or have calls or puts. You know nothing at all about me or my investments and this is the best you could do. So can you tell me anything that you do know about Citi or Corbat which is the subject at hand.
Citi has been up to 55 before and then dropped back to 46. Now with QE coming to a close it will move up some but it's not going anywhere of any real amount. So far Corbat has not done anything in three years to increase the value of Citi. He has missed the stress test for three year in a row or did he do that with the help from the FED's. Corbat raised all the executives pay up to 300% to equal their bonuses per year and the stockholder didn't even get a kiss as he screwed them for three years. He allowed the loose operation in Mexico to take place which allowed the Mexicans to steal more from Citi then the shareholder made collectively on dividends. So far Corbat has not done anything to create a positive reflection on Citi. We do know he can ride a bicycle and screw stockholders, so for that we give him 17 million per year.
It looks like it will be another year before investor may see something.
Citi isn't going anywhere soon. Know one has any faith in Citi and the FED's are going to screw them as long as they can. This IPO may set Citi back, time will tell.
Looks like someone got it backwards for a few minutes and crashed the bank stocks. Now he will be looking for a job and their billion dollar computer will be hauled off to help pay for that screw up. Ha Ha Ha .
So he did prove something while he was in office and now we all know he was good for something. He has proven without a doubt you can't fix Stupid.
It will cost shareholders for a short period but it will cost consumers permanently, forever.
Which will be passed on to all of their customers. The U.S.Government is abusing Americans and American companies again. And you wonder why we can't get back on our feet. This is just another form of taxation on everyone from our Government.