Tuesday, December 23, 2008 12:15:07 PM
Given: ceo is the sole person who determines how many shares of stock can authorized for the Company. ceo has absolute power in terms of those shares. ceo has financed the Company so far pretty much solely by selling shares in one configuration or another. Added note…. ceo owns and can use a calculator
Question 1....Does ceo:
A. Reverse spilt the shares, thus making the existing unissued treasury shares exponentially more valuable
B. Forward split the shares to make those same shares less valuable in the open market
Question 2....Does ceo:
A. Have the Company buy up a bunch of the outstanding shares in the open market at a PPS cost ranging from $.0002 to $.0001
B. Simply authorize a bunch more shares and print them up for, let's say a couple of hundred bucks
Question 3....Does ceo:
A. Act in the interests of the common shareholders (plural)
B. Act in the interest of himself, ceo, the control shareholder (singular)
There are no "trick" questions on this quiz. It involves nothing more than simple logic and past experience.
Let us all know your answers, Ok...!!!
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