In parts of China, black ants are sold by the bagful to be steeped in tea or soaked in liquor as a natural remedy for ailments such as arthritis.
Wang sold packages of ants to the investors for up to as much as 10,000 yuan ($1,290) when they were only worth 200 yuan, China Central Television reported.
Here is the story, the sentence is death. The total con is estimated at $387 million, what would Gary Becker say, in any case that is a lot of imaginary ants.
Just out of curiosity, who taught you to write sentences like “The total con is estimated at $387 million, what would Gary Becker say, in any case that is a lot of imaginary ants.”?
It’s now New Year’s Eve in China. Firecrackers everywhere. Hope to see the host post more positive facts about China in the coming year of the golden pig.
First of all, investors were paying 10,000 yuan for a product worth 200 yuan. Do they simply have no
knowledge of the product or the business to which they are investing? It amazes me that over 10,000
people signed contracts with a company just because of a “promise” of up to 60% profit. Promises are
just words that hold no real value when dealing with someone you don’t even know and “up to” 60% could
mean anything from 1-60. Only in extreme cases will you ever expect 60%. Not to defend Wang but he’s not the only ignorant one in this situation.
thank you very much for this article
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