4 ms·
so basically... there is not a market, and it's a fake stock
by kome 5y ago
so basically... there is not a market, and it's a fake stock
- ceejayoz 5y agoNo? If you can find a buyer for a certain amount, you can sell for that amount. The company can just opt to be the buyer.
- xyzzy123 5y agoThis seems like an interesting dynamic because the company has to balance getting a random outside shareholder vs having to buy their own shares back for whatever price you negotiated.
- doktorhladnjak 5y agoCheck your stock agreement. I worked somewhere it didn't just grant first right of refusal, but the company had to _approve any sale_. In practice, they approved almost no sales, so this was a ban on selling shares before IPO.
- deleted 5y ago[deleted]
- devoutsalsa 5y agoOwnership is ownership. Your car isn't listed as a public company on the NYSE, but that doesn't mean your 1 share (worth 100%) in your car is fake.
- IncRnd 5y agoYou do not need a formal market for stock to be stock. A share of stock represents ownership. You are confusing that with publicly traded stock markets.
- kortilla 5y agoPlease look up right of first refusal before posting nonsense like that. It means they have to match the offer or let you sell. It’s exactly like a national best bid guarantee in a real market.