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Re: BernardSnatager post# 111831

Thursday, 07/25/2019 5:54:08 PM

Thursday, July 25, 2019 5:54:08 PM

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So maybe my wording was a bit out of context, but what I am getting at is when Apple was starting up that had many questionable relations that just as easily could have led to their downfall. For example, Jobs taking out a $15000 loan to fulfill their first contract with a computer store in the Bay area (The Byte Shop), a company that was known for failing to be able to pay its bills. One of the co-founders of Apple even sold his 10% stake back for $800....a 10% stake is worth about $94,000,000,000 today. Adjusted IPO price for Apple is only $0.39

Also, Jobs and Wozniak were both young and broke at the time of the dealing with "The Byte Shop".

1981; Biotech firm Cetus boasted the then-largest IPO in United States corporate history, and fell apart in the 1990s.

1982; The New York Times cautioned against investing in hyped-up tech companies like Apple.

1996; Monster Energy Corp was trading at $.04 per share, in 2018 Monster traded above $68.