"Fake Steve Conroy" fesses up: Twitter satire of Australian Communications Minister
smh.com.au1 pointsby danprager1 comments
car(cons(1,2))
-> 1
cdr(cons(1,2))
-> 2
car(cons('a', cons(2, 3)))
-> 'a' assert (foo != null _implies_ foo.someProperty);
where the _implies_ operator short-circuits. assert(a == null || a.someProperty);
or worse if (a != null) { assert(a.someProperty);
With lisp-strength macros I could easily add an implies operator and get readable rather than clever code.
A whole lot of other people apparently made the same transaction unwittingly, without reading the fine print, as it were. The sellers of the $0.01 shares were paid a peppercorn and washed their hands of the debt.
I reckon this is a problem for the regulators. Once the shares dropped below the value of the remaining obligations (give or take) a fairer price would be negative. Alternatively, trading should be suspended because there's a fair argument that the company is insolvent at that point.
Instead, this fact was hidden behind a little "complexity" and inadequate rules.
Bolton just took advantage of a broken situation.