Belgian Guy Millionaire because of Worthless Shares
Published: 7 november 2007 10:25
Last Updated: 7 november 2007 10:26
VILVOORDE - A Belgian man, who has been buying up worthless shares from the bankrupt Congolean Railways for years, has become a multimillionaire, surprising many.
The man bought the shares for clearance prices like 11 cents a piece. "I now have 463,000 shares. At the bank they would often laugh at me: 'Soon you'll be getting them for free.' But now I had the last word.", says Roger Verhelpen, 72 years old, wednesday in the Flemish paper 'Het Laatste Nieuws' (The Latest News).
The custodians of the Congolean Railways, that went bankrupt thirthy years ago, now hand out 9 euro a piece. The Belgian gets about 4 million euro deposited on his account because of that.
If you do it like that, you're doing it right. That's making money. o . 0
· Sat Dec 01, 2007 @ 09:54pm · 0 Comments