To: Red Steel
"But on April 28, 1989, barely a year after Sullivan Stemberg sold more than half of her shares on the premise that they were worth less than $2.50 apiece, the company made its initial public offering at $19 per share and ended its first day at $22.50.
Sullivan Stembergs 245,000 remaining shares were worth $5.5 million, but she had lost out on millions more by accepting low sale prices in 1988."
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this is the world we live in under obama and the rats...
- if you're in credit card debt over your head its the credit card companies fault....
- if you can't afford you're mortgage, its the mortgage companies fault...
- if your mortgage is underwater its' the realtors fault...
- if you sell stock and the price goes up later on, its someone elses fault...
33 posted on
10/25/2012 7:56:29 PM PDT by
God luvs America
(63.5 million pay no income tax and vote for DemoKrats...)
To: God luvs America
So she actually still had quite a few shares - which then jumped to being worth $5.5 million. I’m supposed to feel sorry for her for having “only” another $5.5 million at the end of all of this? She’s a victim?
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