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> those shares were (and are) highly liquid. Are they? If he tries to sell all of them, will he get exactly what they're valued at? Selling a quantity like tha
by ahomescu1 13y ago
> those shares were (and are) highly liquid.
Are they? If he tries to sell all of them, will he get exactly what they're valued at? Selling a quantity like that will probably pull the price down significantly.
- mullingitover 13y agoI'm guessing purchasing all those shares drove the price up, too. Might've been the whole point in buying up that many shares when the IPO was teetering.
- ahomescu1 13y agoInteresting, but my guess is something else happened. Since he bought the shares at a fixed price, I assume they came directly from the company itself (how can you buy at a fixed price on a competitive market?). Since he was allowed to do this, I assume those shares were never for sale on the market, so they couldn't impact the price. This is all guesswork though. Anyone here more knowledgeable that can jump in?