Facebook IPO

I have a LOT of stock in one of the two legal social networking sites in China. The stock rose over 50% when Facebook announced it was going to file for an IPO. It will also continue to rise because the rumor mill has been flying saying the two Chinese state-run networking sites will be merging. According to my advisor, if they do announce a merger, it’ll easily push the stock over 150% of it’s current price. And considering he does not make money unless I do, I will take his word on that, especially with over 20 years in the business with a yearly salary that tops all of Shift’s members combined.

-Cossey on JVG’s account.