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[velociraptor]

On Fri, May 16, 2008 at 10:35 PM, Phil Stracchino <alaric at metrocast.net> wrote:
> Nadine Miller wrote:
>>
> Yeah.  If I were floating a company and issuing stock, I would make
> absolutely certain it was written into the language of all stock grants etc
> that any voting stock must be offered back to the company before it can be
> sold outside the company.
>
> But then, personally I'd try to avoid becoming subject to the whims and
> vagaries of the stock market in the first place.  You want my opinion, the
> day you start issuing stock in your company is the day you lose control of
> it.

Privately held stock is not subject to the whim of the stock
market--they are not traded on the markets at all.  They are privately
held securities.  When you form a corporation, you must issue
stock--this is what indicates who owns what portion of the
corporation.  Their mistake was, pure and simple, a failure to
consider what might happen if someone was unhappy and wanted out of
their investment.

=Nadine=