To: FlJoePa
“He noted that the shares are locked up until the company is sold or makes an initial public offering, so he can’t cash out just yet.”
So in reality he is out $18,000 and has nothing to show for it except a piece of paper that says he has 100,000 shares of currently worthless stock.
5 posted on
02/27/2015 12:50:08 PM PST by
Blood of Tyrants
(True followers of Christ emulate Christ. True followers of Mohammed emulate Mohammed.)
To: Blood of Tyrants
Yup. Pretty much. The possibilities are certainly intriguing though, no?
7 posted on
02/27/2015 12:53:54 PM PST by
FlJoePa
To: Blood of Tyrants
precisely. Until they sell....that could be an endless wait. He has shares in a shell corp likely not approved by the SEC.
8 posted on
02/27/2015 12:55:16 PM PST by
Louis Foxwell
(This is a wake up call. Join the Sultan Knish ping list.)
To: Blood of Tyrants
So in reality he is out $18,000 and has nothing to show for it except a piece of paper that says he has 100,000 shares of currently worthless stock. Currently worthless stock that has already secured $220 million of investment money before going public.
Tell the thousands of Silicon Valley millionaires that that's not how it's done.
16 posted on
02/27/2015 1:31:26 PM PST by
Talisker
(One who commands, must obey.)
To: Blood of Tyrants
Kinda like anyone that has ever made an investment....
29 posted on
02/27/2015 2:27:04 PM PST by
Solson
(Grand Old Party 1854 - 2010 RIP)
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