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To correct, the Fair Market Value of the common stock went from $4 to $4.75. Saying "Price" indicates you can sell at that value, you most likely can not sell y
by jboy55 3y ago
To correct, the Fair Market Value of the common stock went from $4 to $4.75. Saying "Price" indicates you can sell at that value, you most likely can not sell your stock for any price right now. You should value those shares at 0 in your future financial planning.
tldr; You bought $500 in lottery tickets with an undetermined draw date in the future with a high chance that it won't happen.
- iambateman 3y agoYea, I understand your point. Price is convenient shorthand for funny money. You’re right that I probably lit my cash on fire.
- jboy55 3y agoHey, I spent 6 years at a company collecting over 200k options, spending $2k exercising and having new money come in and try a 200:1 reverse split. Now, 15 years later, I'm a proud owner of common stock in a private company that is marginally profitable.