Somalia just brought modern piracy to a new level. The latest innovation of Somali pirates is a new “stock exchange” located in the town of Haradheere, where investors can buy stakes in future piracy expeditions.
The exchange - only four months old - has grown from 15 “maritime companies” at inception to 72 companies today, and is open 24 hours a day.
Investors don’t even have to use cash to buy interests. Since many don’t have much cash to invest, they can contribute anything of value... One individual contributed a rocket-propelled grenade.
The exchange - only four months old - has grown from 15 “maritime companies” at inception to 72 companies today, and is open 24 hours a day.
Investors don’t even have to use cash to buy interests. Since many don’t have much cash to invest, they can contribute anything of value... One individual contributed a rocket-propelled grenade.
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