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The difference is nobody would attempt to buy this participation to resell it later for a higher price
by vasilipupkin 9y ago
The difference is nobody would attempt to buy this participation to resell it later for a higher price
- brucephillips 9y agoWhy not?
- vasilipupkin 9y agoBecause there would be no secondary market, no exchanges, no investors, etc. but if there existed such a market and issuers of these rights talked about how these can be resold for a higher price, then it's a different story
- brucephillips 9y agoNothing in his description precluded those features.