Sibs...brilliant piece on last Podcast.
Finances. I wouldn't place anything into rise and fall of the stock. So few trades are made that the only trade of the day (mine) shows the stock going up 33% on the stock tickers.
Paying for the stock has value for me simply for the story and as a way to support the club.
As I understand ENIC holds more then 75% of the club, which is what is required to make to make major operating changes (such as taking the club private). Levy has made the announcement as a courtesy so that investors can divest themselves of stock while the shares are still liquid. If you hold shares after the club de-lists, you will still own your percentage of the club...but, the ability to sell at the point is limited to individual and privately arranged transactions. So if you have less then say $10,000 shares it is unlikely to be profitable to sell. If you are invested for finances, you better get out...if you are invested emotionally, then prepare to own for the rest of your life.
I am interested in getting some sort of official club documentation of my shares. Basically, I want to frame a stock certificate. Any ideas out there? I bought on an online brokerage and they will not provide stock certificates.
Finances. I wouldn't place anything into rise and fall of the stock. So few trades are made that the only trade of the day (mine) shows the stock going up 33% on the stock tickers.
Paying for the stock has value for me simply for the story and as a way to support the club.
As I understand ENIC holds more then 75% of the club, which is what is required to make to make major operating changes (such as taking the club private). Levy has made the announcement as a courtesy so that investors can divest themselves of stock while the shares are still liquid. If you hold shares after the club de-lists, you will still own your percentage of the club...but, the ability to sell at the point is limited to individual and privately arranged transactions. So if you have less then say $10,000 shares it is unlikely to be profitable to sell. If you are invested for finances, you better get out...if you are invested emotionally, then prepare to own for the rest of your life.
I am interested in getting some sort of official club documentation of my shares. Basically, I want to frame a stock certificate. Any ideas out there? I bought on an online brokerage and they will not provide stock certificates.