BUG: How to build a 100 quadrillion insurance company
Posted: Wed Mar 04, 2020 12:24 pm
Step 1 - Start making money as private company and have enough cash reserves (optionally, go IPO before setting up the insurance company)
Step 2- Set-up and insurance company
Step 3 - Start bleeding cash in your insurance company (huge marketing budgets, banks/bond loans, etc.) while insurance premiums start rolling in. Stock price should crash as profit goes into red.
Step 4 - As insurance company begins to breakeven (operating expenses+claims vs premiums) buy your company's stock with insurance company.
Step 5 - Get rid of excessive expenditures (loans, marking, etc)
Step 6 - Profit!
Once your company's stock price begins to rise, it launches a vicious cycle between valuation of the insurance company and valuation of your stock. In a matter of years, you get billions. In ten years I was making quadrillions! I can sell 5% of my company's stock and buy out half of the global stock market. See screenshot attached.
I also ran into a second weird bug which was sort of a result of the first one: Doing a 2-1 split of the stock price led to a downward spiralling of the company price which could not be stopped.
I have done the stock split once I could no longer issue new shares to the public since 1 share was worth more than 250million. I launched the stock split and went bankrupt within a few years.
Step 2- Set-up and insurance company
Step 3 - Start bleeding cash in your insurance company (huge marketing budgets, banks/bond loans, etc.) while insurance premiums start rolling in. Stock price should crash as profit goes into red.
Step 4 - As insurance company begins to breakeven (operating expenses+claims vs premiums) buy your company's stock with insurance company.
Step 5 - Get rid of excessive expenditures (loans, marking, etc)
Step 6 - Profit!
Once your company's stock price begins to rise, it launches a vicious cycle between valuation of the insurance company and valuation of your stock. In a matter of years, you get billions. In ten years I was making quadrillions! I can sell 5% of my company's stock and buy out half of the global stock market. See screenshot attached.
I also ran into a second weird bug which was sort of a result of the first one: Doing a 2-1 split of the stock price led to a downward spiralling of the company price which could not be stopped.
I have done the stock split once I could no longer issue new shares to the public since 1 share was worth more than 250million. I launched the stock split and went bankrupt within a few years.