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<p>[QUOTE=&quot;Juan Blanco, post: 1655471, member: 41665&quot;]Interesting aside, scottishmoney.</p><p><br /></p><p>The ČSFR event is this: </p><p><a href="http://www.nytimes.com/1991/11/10/world/future-investors-line-up-in-prague.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nytimes.com/1991/11/10/world/future-investors-line-up-in-prague.html" rel="nofollow">http://www.nytimes.com/1991/11/10/world/future-investors-line-up-in-prague.html</a></p><p><a href="http://www.nytimes.com/1992/05/19/world/czechoslovakia-a-bull-market-as-state-grip-yields-to-stock.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nytimes.com/1992/05/19/world/czechoslovakia-a-bull-market-as-state-grip-yields-to-stock.html" rel="nofollow">http://www.nytimes.com/1992/05/19/world/czechoslovakia-a-bull-market-as-state-grip-yields-to-stock.html</a></p><p><br /></p><p>I&#039;m looking for actual returns for the 1,000-Korun coupon and aggregate losses on &#039;managed accts&#039; that investors piled into (signing over their coupons) not performance of the Czechoslovakian stock mkt itself. From a 2011 study &quot;Of the 1,700+ companies originally listed on the Prague Stock Exchange, many have been privatized by shrewd investors. Some firms have been acquired or merged, while many were not viable businesses to begin with and have gone out of business. <i>The number of listed companies dropped into the teens by the late 1990s</i>, but has risen to 27 presently.&quot; </p><p><br /></p><p>What was the average investor loss was in for particular privatization scheme? It&#039;s not just coupon-loss but also any &#039;mutual funds&#039; ponzis they ostensibility joined. Many funds/investment ops went bankrupt soon thereafter. </p><p><br /></p><p>If an investor suffer -50% loss on capital YEAR 1, s/he&#039;ll need 100% return just to break-even Year 2 (or whenever.) Where <b>investor values reported plunged ~-90%</b> (see <i>Fortune Magazine</i>: <a href="http://money.cnn.com/magazines/fortune/fortune_archive/1996/12/23/219833/index.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://money.cnn.com/magazines/fortune/fortune_archive/1996/12/23/219833/index.htm" rel="nofollow">http://money.cnn.com/magazines/fortune/fortune_archive/1996/12/23/219833/index.htm</a> ) an investor would need to gain +961% thereafter just to break-even.</p><p><br /></p><p>This discussion is fundamentally correct: <a href="http://www.financialwebring.org/forum/viewtopic.php?f=14&amp;t=108357" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.financialwebring.org/forum/viewtopic.php?f=14&amp;t=108357" rel="nofollow">http://www.financialwebring.org/forum/viewtopic.php?f=14&amp;t=108357</a></p><p><br /></p><p>&quot;Modern-day trading on the Prague Stock Exchange began in 1993, but if you search on the Internet, you&#039;ll find almost no details about the first 10 years of its history. {...}The architects of the Prague Stock Exchange made one deadly mistake. Specifically, <b>they set the starting share price for each company at 1000 Czech crowns.</b> Thus, for most companies, from Day 1, the share price had no place to go but DOWN. Czech citizens, who had zero experience with equities after 40+ years of Communism, panicked. They lined up outside fly-by-night offices to dump their shares at below market prices. {....}What happened to the 1700+ companies that were originally listed on the Prague Stock Exchange? 1697+ of those companies have been DELISTED. Most of the 1697+ companies still exist. Many of the 1697+ companies are very profitable.&quot;[/QUOTE]</p><p><br /></p>

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