Boiler Room
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1:19:01
You know-- I mean,
it´s all based on this job...

1:19:04
this very legitimate,
respectable job...

1:19:06
that he can tell his friends about
during the Yom Kippur appeal.

1:19:11
But l´ll take it.
I mean--

1:19:14
Oh, fuck.
1:19:17
I´m so fuckin´ close.
1:19:21
You know?
And l´m fucking it up.

1:19:24
I mean, l--
1:19:26
How are you
fucking it up?

1:19:28
I went to the Med Patent office
this morning, and there isn´t one.

1:19:32
It´s cardboard.
There´s nothing.

1:19:34
There´s no employees.
1:19:35
There´s no research
and development. Nothing.

1:19:38
I found out how Michael´s
making his money.

1:19:40
We´re selling stock
for companies that don´t exist.

1:19:45
- Do you know what bridge financing is?
- No.

1:19:48
Basically,
it´s a way to raise capital...

1:19:52
for a company that´s
trying to go public.

1:19:55
They get money
from outside investors.

1:19:57
They´re the bridge.
And it´s perfectly legal...

1:20:00
as long as there´s no connection
between the investors and the firm.

1:20:04
But Michael´s fronting his friends
as the investors on every l.P.O. we do.

1:20:09
So that´s why all the names
on the contracts are the same.

1:20:13
Right. Then he has us
push it all on the open market.

1:20:17
We´re basically selling
Michael´s shares.

1:20:19
That´s where
the two-dollar rips come in.

1:20:21
He can pay us that much,
and it´s worth it for him...

1:20:24
because he depends on us
to literally create the market for him.

1:20:28
There´s no other firm selling this shit.
It´s all artificial demand.

1:20:32
As soon as we
sell off his position...

1:20:34
there´s no need to maintain
the inflated price anymore.

1:20:37
- We stop pushing it, and then--
- And then it crashes.

1:20:40
Right.
1:20:44
But, I mean, how does that
really affect me?

1:20:47
I´m just selling stock.
There´s nothing wrong with that.

1:20:51
So I know now how Michael
makes his own money.

1:20:53
And I know that l´m not working
at Goldman Sachs...

1:20:55
but we already know that.
1:20:58
So how does this
really change anything?


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