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The funny thing about that is the paper thats says "Dumb Gluk Loses Can" was printed before he bid his fortune, that's why Lulu's valet mentioned it while reading. So my guess is he blew up along with it and they are just being funny.
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The valet slig doesn't mention Lulu losing the can, just that the paper said he would bid for it. My guess is he was probably reading the edition with the article about Lulu becoming a Glockstar and going to Vykker's labs.