Pluto, you write: "a common penny trader myth i
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Posted On: 11/18/2019 4:07:16 PM
Pluto, you write:
"a common penny trader myth is that when a trader buys stock the company receives the trader's money"
Read More: https://investorshangout.com/post/view?id=559...z65fJONA3D
Actually, the company issued the original shares and they were bought by a trader/investor. The new trader/investor replaces the original trader/investor who initially bought the original shares the company issued for money.
So....
yes, the company did get the trader/investor's money.
IF the company does not want shareholders, it should not issue stock.
OOOOOOOOOOOOOOOOOOO
(Once again from the Q)
In July 2019 CEO Keith Berman approached the company Board of Directors with a plan and offer to, from time to time,
through a proposed settlement of the litigation on-going with Johnson & Johnson, lend the company up to $450,000
through a combination of sources available to him. The Board accepted this offer, which came without pre-condition.
Mr. Berman made it clear that he would rather lend the company money himself or through close friends and family,
than to sell low priced equity to small institutions, given the likelihood of a handsome settlement of the litigation with
Johnson & Johnson. The first loans totaled $215,000 and were made on October 1, 2019.
"a common penny trader myth is that when a trader buys stock the company receives the trader's money"
Read More: https://investorshangout.com/post/view?id=559...z65fJONA3D
Actually, the company issued the original shares and they were bought by a trader/investor. The new trader/investor replaces the original trader/investor who initially bought the original shares the company issued for money.
So....
yes, the company did get the trader/investor's money.
IF the company does not want shareholders, it should not issue stock.
OOOOOOOOOOOOOOOOOOO
(Once again from the Q)
In July 2019 CEO Keith Berman approached the company Board of Directors with a plan and offer to, from time to time,
through a proposed settlement of the litigation on-going with Johnson & Johnson, lend the company up to $450,000
through a combination of sources available to him. The Board accepted this offer, which came without pre-condition.
Mr. Berman made it clear that he would rather lend the company money himself or through close friends and family,
than to sell low priced equity to small institutions, given the likelihood of a handsome settlement of the litigation with
Johnson & Johnson. The first loans totaled $215,000 and were made on October 1, 2019.
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