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MS recovers from fraud of previous owner, now debt free
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Cian Kemp RJ: Cian Kemp CO: Cian Kemp Post Rating: 4 + / - Total Posts: 183 Karma: 58 Joined: Apr 9, 2012 |
Posted on May 23, 2012 MS, previously known rather infamously as MICRO$OFT, recently paid off the remainder of the $12 billion of debt and fines that was accrued by the previous owner's fraud. The company, having been acquired by Cian Kemp as a gutted shell with a few billion in salable goods and rebuilt over the last year or so, is now a positive net worth company. Current net worth is approximately $3 billion, which is expected to grow over the coming days.To commemorate the successful turnaround, which was funded largely by sales of steel and appliances, the company has been renamed to Masterful Steelworks. Dividends are expected to begin soon as the markets stabilize and steady profitability potential is assessed. |
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