Monday, June 01, 2009
TAO - Negative Equity, Yet 200% Gain
Remember the Israeli financier Ilan Ben Dov? The one with the astonishing blonde 30 years his junior? TAO is a highly leveraged speculative investment house. I wrote about it, then heard that is not paying its bonds, then it evaporated in the desert sun, fell into the Syrian-African fault, disappeared in the morning fog, broke down like General Motors. Only that it didnt. TAO made year to date: 193.38% I knew that companies in distress offer extraordinary profit opportunities, but this one I left it pass away. Pity.