Thursday, October 3, 2013

A Bad Investment (By guest blogger Chet Ryder)


My name is Chet Ryder. My dentist, Dr. Paul Cantrell, has been a lifelong friend of mine. No one knows me better. Paul and I grew up in the same neighborhood in Baltimore. He had become a successful dentist while I had become a rather prosperous entrepreneur, making my money by taking risky ventures. 


Anyway, about six months ago I had an appointment to visit Paul professionally. His office was on the 3rd floor of a high office building in downtown Baltimore. On the day of the appointment, a Wednesday, May 6th, I walked through the building’s empty lobby and pushed a button next to a closed elevator door, summoning the elevator car. When the elevator door opened I stepped inside and since I was bound for the 3rd floor, I was ready to push the button with the “3”. Then I saw a button below the floor buttons. It was labeled “T”. For a second I just ignored it, but I'm a spontaneous guy so I decided; what the heck, let’s push it. So that’s what I did.

Well, the elevator began to shake and bounce around. I can’t deny I became nervous. Then, a few seconds later, the shaking stopped and the elevator door opened. I was still on the ground floor. I had not moved.

I chuckled and then quickly decided I’d better go up to Paul’s office. After all, he was probably waiting for me. One or two passengers got into the elevator with me, the doors closed and this time, much to my relief, the elevator started to go up. As we ascended, I glanced at a newspaper that one of the passengers had under an arm. I casually looked at the newspaper’s headline, and the date. I started to chuckle as I noticed the newspaper had both the day of the week, and the date wrong. It was a day ahead of schedule. I humorously pointed out the mistake to the man holding the newspaper, but instead of smiling, he gave me a confused glance. “The date is right,” he stated. Right about then the elevator car came to a halt and the metal doors slid open. I stepped out onto the 3rd floor. 

I traveled down the corridor to my dentist’s office only to find a locked door with a sign reading sign on the door that said “CLOSED THURSDAY FOR CONFERENCE”. But it was Wednesday… wait; it was Wednesday, wasn't it? I was now a bit unsure.

As I retraced my steps back to the elevator, I walked by the plexiglass office front of Miller and Sons Investments. There on a wall beyond the thick glass doors was a TV monitor showing Wall Street activity. There was a big stock market chart indicating Munson Pharmaceuticals stock shares having gone up 2000%. In the lower corner were the time and the date. According to the monitor, it was May 7th, which did indeed make it a Thursday. It took some doing, but I was finally beginning to realize that I was missing one full day. I had no explanation. My best guesses were that either I had been confused about the day of the week, and the date, for perhaps several days running, or I had slept for a full 24 hours. Both possibilities were hard to accept, and a bit scary.

As my mind toiled with the mystery, my feet shuffled back to the elevator. I unconsciously pushed the button calling an elevator and a few seconds later one arrived, the same car I had just taken. There was one other passenger inside, a well-dressed, and rather robust man. We nodded politely to each other, I then stepped into the elevator car, turned and looked for the button that would take me to the 1st floor. But before my finger reached the button, I once again noticed down below the floor buttons was that extra button. On it was the letter “Y”. But… wasn't that same button labeled “T” earlier? I was sure it was. I had to push it. It was as though I had no choice.

Once again the entire elevator began shaking. In fact, I was apparently knocked off of my feet, hit my head, and for an instant was on the floor, dazed. When the elevator door opened, I was woozy and seeing stars, but I was lucid enough to know that I was still on the 3rd floor.

I climbed to my feet and began wobbling out of the car, but I was soon assisted by my fellow elevator passenger as he put my arm over his shoulders and supported my weight. Together we wandered down the hallway, finally stumbling into the office of Miller and Sons Investments; there I was carefully lowered into a chair. A moment later there was a small, concerned crowd around me of about four or five people.

“The elevator malfunctioned,” I mumbled. “I guess it knocked me off my feet, and I must have hit my head.”

“We’d better get you an ambulance,” I heard someone say.

I slowly raised my hand and loosely fluttered it about. “No, no thank you,” I babbled. “I’ll be all right in a moment.”

My eyes could not yet focus, but I could see that a few steps in front of me was the large monitor indicating a steady stream of stock prices. “How’s Munson Pharmaceuticals doing?” I muttered as my limp hand motioned towards the TV.

One of the men chuckled. “Munson Pharmaceuticals? They’re down 25%. They may be all but out of business by day’s end.”

“What?” I asked, my muttering voice reflecting my groggy condition. "But... they were just up 2000%."

Chet Ryder
“That's hardly possible," I was told by one of the men. "Two years ago they put all their marbles into developing some anti-baldness drug. Tomorrow they are expected to announce its failure, and most likely, the end of Munson Pharmaceuticals. Imagine; putting all your company’s assets into an anti-baldness drug. What a joke.”

Slowly my eyesight improved. A little at a time the TV monitor began to come into focus. There at the bottom of the screen was the date; May 6th; the date I thought it was all along. “So it really is Wednesday?” I murmured.

“Well of course it is,” I heard someone reply.  

Gradually my brain began to put it all together. The “T” button, the “Y” button. Tomorrow and Yesterday. I did not know how, but I was sure that the elevator could not just take a person to a floor; it could also take a person into the next day, and then back again. I managed to laugh. “You folks have been very nice to me," I stated, my voice still a bit listless. "In gratitude I’d like to buy a few shares of stock, like $500,000 worth of Munson Pharmaceuticals.”

So yes; that was six months ago; that strange day. And now these months later I know why it became so strange, so incredibly, bizarrely strange. It seems that it was all a plot; all of it. The faulty elevators, and the makeshift “T” and “Y” buttons were instruments in the scheme, as was the man riding the elevator holding a newspaper with the phony date. Also faked were the stock information, and the date, on the Miller and Sons monitor. As for being knocked woozy in the shaking elevator; I had been tripped and then slugged over the head by the man with me in the car, a bit of violence necessary to get me into the Miller and Sons office.

It was an idea cooked up by my old friend Paul, the dentist. He knew I was impetuous, capable of investing for strange reasons, even seemingly irrational reasons. So Paul presented his idea to the Millers, owners of Miller and Sons Investments. It seems that internet brokerage companies had all but driven Miller and Sons out of business, and they had become desperate, a fact Paul had got wind of. Truth was; when all was said and done, no one had put more time and energy into the plot than the three Millers.

So there it was; Munson Pharmaceuticals was about to sink out of sight, and was perfect bait, all that was needed was some impulsive, well-to-do sucker, ripe to make a grand, foolhardy investment; an investment that would never be made, but rather pocketed by the Millers, and my friend, Paul.

But as we all were to find out one day later in a Munson Pharmaceuticals press conference; a cure for baldness had been found, and the whole plot disintegrated. The three Millers are now facing criminal charges, their business closed forever. My old friend Paul Cantrell has already pleaded guilty to charges and was sentenced to five years imprisonment. Munson Pharmaceuticals? It is now the most respected name in the pharmaceutical world.

As for myself and my half million dollar investment; there was no actual investment, of course, I never made a dime. In fact, I lost a lifelong friend. But when it comes to my personal finances, the whole ordeal apparently hasn't taught me a thing. With my money I am still as foolhardy as ever. When all is said and done, I suppose there is only one positive to be said concerning the whole affair; I am no longer bald.   

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