Were not in a communist country yet! The bottom line is, they sold their shares and you or somebody else bought them. Your statement completely contradicts the whole fundamental theory of capitalism and the principles of free market economics. The free market enterprise system is based on the principles of supply and demand, caveat emptor(buyer beware) and laissez faire(leisure to trade, which generally implies the rights of private citizens, to freely engage in private business transactions and enjoy the profits obtained from such business transactions, without the burden of excessive government interference, oversights, taxation, and prejudices). Investment banking, is the pinnacle of privilege granted to citizens by the free enterprise system. Caveat emptor, laissez faire and supply and demand are absolutely essential elements of the investment marketplace. And it is the securities industry where these concepts are the primary driver of, and most accentuated. In other words when engaged in speculative business ventures you must put on your big boy(girl)pants!
For analogy purposes lets compare your reasoning to a hypothetical situation.
Lets just imagine that you go to the mall during a baseball card convention to sell your most hated baseball card just to get rid of it(GTAT). You know, those conventions where there's 50 tables piled with trading card with a few old timers but the average age of these aspiring entrepreneurs is 13 or 14 years tops. So you approach one of these aspiring businessmen, he's wearing a crisp brown leisure suit with a thin black tie. Out of his lapel pocket there hangs a gold chain attached to a jewelers loop.
Upon approaching the young man to make your offer, you are struck with the impression that this kids shrewd, in fact you ask yourself, is this just a poker face or is this kid really that serious. You can't help but to wonder if hes ever laughed or even smiled once in his entire life. As you are pulling the card out of your pocket you are struck with the memory of just how you came to hate that card so much. You remember that you bought this rookie card because this player was heralded as the greatest rookie ever, destined to be the greatest player to ever play the game. This rookie signs a very lucrative contract (APPL GTAT), you had high hopes so you indulged and bought one of his rookie cards for $22.00. During his first season he was so bad they had to create a new position for him. A position so deep in right field that he was in the parking lot assigned to chasing down balls that went over the fence(Chapter 11). It's now a week before the rookies second season, and you've had enough, you can't bear to even look at it any longer. As intimidated as you are you try to compose yourself as you stare this kid in the eye and make your offer $8.00 you say. You see a thin whisper of a smile as he emits a short and barely audible muffled laugh. Your not sure if it was genuine humor or a joust of sarcasm. A moment of silence passes and you lower your offer, I'll take $7.00 as your voice cracks. There is a short pause and he flatly states, I'll give you $1.40 take it or leave, I've got things to do. At this point you know your out of your league, he's not going to budge, so you plop the card down and and he hands you the $1.40. He places the card in a plastic protector and fastens it to board behind his table.
Now just before the first game of the rookies second season the bus carrying half his team gets a flat tire and is stuck in traffic. Due to this mishap the chump gets a second chance he's up to bat, and he hits a home run, in fact for the rest of the season every time he's up to bat, he hits a home run. After just 20 games he has obtained the highest batting average ever and hold the record for the longest home run streak. The second season is over and the his rookie card is selling for $100,000.00. By chance you happen to be walking through the mall and there's the annual baseball card convention. As you are walking by the various tables you happen to notice the poker faced young man. Upon closer inspection you notice that an older man is pointing to the corner of the board behind the table. And sure enough there's that rookie card except now it has a price tag with a lot of zeros behind it. As you walk up to the table, poker face is reaching up to grab the card as the man is simultaneously reaching out with a check in his hand to finalize the transaction.
Now lets suppose you walk up to them and tell poker face that since he only paid you $1.40 for the card he isn't allowed to sell the card for $100,000.00. Lets stop for a minute what do you think poker face a 14 year old kid is going to tell you seriously. Well, he is most likely going to tell you. All deals final, no money back, what I sell it for is none of your business. GET LOST!! Hey buddy when your doing business with me, you better put on your big boy(girl) pants.
AI
