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That's the deal when you invest in a private company. If you don't like it, don't invest in a private company and only invest in publicly traded companies. The
by x3n0ph3n3 9y ago
That's the deal when you invest in a private company. If you don't like it, don't invest in a private company and only invest in publicly traded companies.
There's nothing ridiculous about it.
- conanbatt 9y agoBeing the way it is doesn't make it not ridiculous. It is absolutely ridiculous that you cant sell a share of a company, something you own, of a company that buys and sells things they don't own.
- x3n0ph3n3 9y agoIt's contractual. Abiding by contracts you sign is not ridiculous. These are very wealthy investors and this is part of the game they play. Stop acting like some little person is getting screwed.
- conanbatt 9y agoIts not contractual: by contract you cant sell the shares, but you can sell the futures of the shares, which are not the same thing. What stops you from doing that is the State. So its actually a rule that can only exist because other things are enforced.
- hmahncke 9y agoIt’s a private company. That’s among the many reasons that trading in private companies is different than trading in public companies.