Remster - "Lord of the Rings"

Ray from NJ · November 4th, 2005, 07:26 AM

I was going to ask if you ever sold the Ferrari boat, but I found the answer.

Livin' large during the dot-com era.

http://seattletimes.nwsource.com/htm...1wealth06.html

Mark O · November 4th, 2005, 07:36 AM

"The house had a professional recording studio, steam room, sauna, exercise room, elevator and a two-bedroom wing for a housekeeper."

At least something useful was put in that home. :thumb:

NOITALL · November 4th, 2005, 07:49 AM

" Facq designed enormous rings and commissioned a jeweler to make them. He called himself the "Lord of the Rings."

what a homo.

**Hog Whisperer** · November 4th, 2005, 07:56 AM

One word...... HEDGE!

Gotta give it to'em for going for it.....

What a shame!

**RockStar** · November 4th, 2005, 07:56 AM

The driveway was sloped gently enough so he could drive down it in his low-slung Ferrari.

Must be a DotCom thing. This is from HighRoller's real estate summary:

The driveway is sloped sharply enough so he can attain terminal velocity on a bigwheel.

**Hog Whisperer** · November 4th, 2005, 08:04 AM

You crazy bastage! Somehow I believe that.....

**packetjunkie** · November 4th, 2005, 08:30 AM

Quote:

When the game was up, the investors took a beating. Stock worth $1,000 in March 2000 was worth only $2.67 by June 2002. The company once worth more than Boeing fell to the value of two Boeing 777s.

Allen lost an estimated $400 million when InfoSpace shares collapsed. Hess, 65, saw her $40,000 investment shrink to $1,450.

"I scrimped and saved for 42 years, and I feel that I have been duped out of my hard-earned money," she said.

Wow, interesting read here...

Gerald · November 4th, 2005, 08:33 AM

Quote:

Originally Posted by RockStar

The driveway is sloped sharply enough so he can attain terminal velocity on a bigwheel.

**RockStar** · November 4th, 2005, 08:38 AM

Quote:

Originally Posted by Gerald

Quote:

Originally Posted by Hog Whisperer

You crazy bastage! Somehow I believe that.....

You guys think I'm kidding? You have no idea how excited he is.

I'm talking "Christmas morning" excited.

BYBYC5 · November 4th, 2005, 08:47 AM

Wow, that's amazing. I'm not sure that even if I had that much paper money, I would have the balls to do that type of spending. Had to have been a phenominal time for him.

I lived through a similar time, but, on a much smaller scale. Thank God I don't like dolphins as much as Remy!

DN

**packetjunkie** · November 4th, 2005, 08:57 AM

I just read the whole article, how this guy isn't in Jail is beyond me.

**RockStar** · November 4th, 2005, 09:09 AM

At the end of staff meetings, software engineer Jean-Remy Facq recalled getting so carried away with Jain's cause that Facq would jump up, shake his fist in the air and cry, "World domination!"

You really took the Lord of the Rings thing a bit too far, Rem.

**packetjunkie** · November 4th, 2005, 09:25 AM

From the reading a couple people got smart, got themselves demoted to get around restrictions and then sold tens of millions in stock at the higher price.

End of the day, the guy is sitting on major bank while people like Hess lost everything.

RonC · November 4th, 2005, 09:27 AM

My favorite quote....

Quote:

Originally Posted by Remster

At the end of staff meetings, software engineer Jean-Remy Facq recalled getting so carried away with Jain's cause that Facq would jump up, shake his fist in the air and cry, "World domination!"

With dolphins!

CS · November 4th, 2005, 10:11 AM

Makes me sick to read that. Why didn't they SELL SELL SELL!?

**Hog Whisperer** · November 4th, 2005, 10:16 AM

Restricted stock, Clint. Thing is, there is no restriction against a Hedge. I would have been all over that.... In fact, when I sold my company, I WAS all over that.

**packetjunkie** · November 4th, 2005, 10:16 AM

Because they were being lied to.