Pirate Stock Exchange-what is the Pirate Stock Exchange?
"Pirate Stock Exchange" is a stock exchange established by pirates in Somalia, aimed at raising funds to support piracy. The "Share Exchange" and "listed" companies in nominal terms are "shipping company", each a "shipping company" "stock" are full listing of circulation of people, "open to all", if they wish, and no one can become a "company" and an "investor."
Pirate Stock Exchange - the creation of "Stock Exchange" - Somali pirates have a new goal, very best in the capital market December 1, 2009, according to Reuters: In the eyes looked at their "core business" increasingly bleak, Somalia Pirates Poor people want change, in August 2009 announced the establishment of a special "Stock Exchange."
These "listed company" does not necessarily insist on cash, "shares", one claiming to be Muhammad's former pirates, "Stock Exchange", said one of the sponsors, regardless of money, goods, arms, or even out of people to contribute, can be discounted "shares" as the "shipping company" part. To obtain a ransom, the "who shares" with the fee-splitting.
December 1, 2009, Reuters quoted the "Stock Exchange" the words of one male staff member reported that the "Stock Exchange" business is booming, developing rapidly at this stage have been 72 "listed company."
Pirate Stock Exchange - background As the employment rate in Somalia at this stage is very low, poor way of making money without surgery, the pirates "economic" in the eyes of many people the only chance to make a fortune. Since 1991, Somalia continued to war, rampant piracy in coastal areas, near the sea known as the world's most dangerous waters. In Somalia, virtually no young people access to education, job opportunities are fewer.
At this stage, a number of countries to send warships to patrol the eastern Gulf of Aden, the Somali waters, but not the complete elimination of piracy. The European Union anti-piracy operations commander, Major General ,acknowledge the British navy, piracy waters over large areas, can not be hundred percent to ensure the safety of vessels in the waters. He explained that the Somali pirates detained 11 vessels now, kidnapping, 264 crew members.
Pirate Stock Exchange - VenueXarardheere is located in the Somali capital, Mogadishu, about 400 kilometers north-east, past a small fishing village, now developed into a hive of activity of the town. Potholed streets, dust filled the air, can be seen from time to time driving the pirates flourishes limousine and sped away. Here is the Somali pirates, "lair", piracy has brought significant benefits to the local. The town is the focus of the local 24-hour "pirate Stock Exchange."
