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If anyone has any post-exit but not yet liquid stock that they would like to sell me for $0.01, my contact info is in my HN profile.
by harryh 7y ago
If anyone has any post-exit but not yet liquid stock that they would like to sell me for $0.01, my contact info is in my HN profile.
- jacquesm 7y agoThey may want to sell for $0.01, but they may not be able to and you won't be able to buy. See also: articles of incorporation, minutes & bylaws, shareholder agreements.
- harryh 7y agoOf course. But in many cases they will. And even in cases where there are restrictions....there are often things that can be done. But that's not really the point. My point is calling something illiquid worth "nil" is often silly. Maybe don't consider it worth its face value. Certainly don't go spending money you don't have yet. But automatically writing everything down to zero is dumb.
- liara_k 7y ago> not yet liquid stock that they would like to sell me That's... isn't that impossible by definition?
- deleted 7y ago[deleted]
- harryh 7y agoWhen it comes to company stock liquidity isn't really binary. There are degrees.
- tekromancr 7y agoYou can't transfer the stock, but you can sell a contract promising to sell at a specific price once it's liquid.
- nihonde 7y agoExcept if the company has a right of first refusal.
- TuringNYC 7y agoAnd in some cases, eg financial services companies, this can be a major violation.
- Thorrez 7y agoIsn't that essentially shorting the stock?
- lethologica 7y agoIt’s a put option.
- unlinked_dll 7y agoIf I sell it for $0.01 can I write off the difference?