angusthermopylae (42.80)

Get in on the Hottest New Market!

December 01, 2009 – Comments (1) | RELATED TICKERS: PIR , ATE , FUND

I saw this one on slashdot, and couldn't resist.

According to the article, the Somali pirates have set up a new cooperative/exchange where investors can by a piece of the Pirate flag.

Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel.

"I am waiting for my share after I contributed a rocket-propelled grenade for the operation," she said, adding that she got the weapon from her ex-husband in alimony.

"I am really happy and lucky. I have made $75,000 in only 38 days since I joined the 'company'."

Take that, Global Recession!  Capitalism at its finest.

Which, of course, leads me to the obvious question:  Since this exchange is open 24 hours and a single vessel can be worth as much as $100 million, how long before I can put a CAPS rating on this puppy?