The $750 Billion IPO That Never Happened
Prepared by Peter Li-Chang Kuo ( Chinese ) The Taiwan Cartels launched a wave of abusive litigation without any real plaintiff, a campaign of legal violence that pushed the civilized world toward an immense disaster and left millions displaced. Under what amounted to a state-level hijacking, a legendary story of " Social Responsibility Investment " (SRI) was suffocated: In 2004, I built a "Portable TES Simulator," compact enough to carry onto an airplane, and conducted a roadshow from Silicon Valley to New York . Prior to this, Merrill Lynch had given us a valuation of " USD 250 per share ," and PwC recommended that the IPO entity, Panhornic ComMec Holding (PCH), issue " 3 billion shares ." The resulting " USD 750 billion " valuation would have made it the largest IPO in NASDAQ history. Fig 1: The TES Simulator used during the roadshow It remains the most dazzling afternoon in my memory. As I stood on the stage during the Am...