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goldminingXpert (29.46)

Bribery can't stop a government-connected investments

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June 24, 2010 – Comments (1) | RELATED TICKERS: ADG.DL2

Allied Defense Group (ADG) reminds us today with its 35% spike that when you are working the US government, bribery is not enough to slow you down. ADG, an ammunition maker, fell from $7 to $2 after a government operation connected an ADG employee to a bribery scheme defrauding our government. ADG had a buyout at $7 on the table but collapsed. I looked at the situation and said, heh, well our government is totally corrupt, and, well, it's only a few employees, so, um, this is nothing. The government will ignore the corruption and everyone will move on with their lives. And so they did, and now ADG is back over $4. Let this be a lesson to you all ... when working with the government, bribery pays.

1 Comments – Post Your Own

#1) On June 24, 2010 at 12:00 PM, goldminingXpert (29.46) wrote:

Oops, that should read 65% spike, not 35.

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