![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 07, 2012 7:42:07 AM
He's going to use it for his benefit by giving shares away to his friends and have them sell them since he can only sell so much every so often due to his restrictions. He doesn't have enough time to unload due to his restriction. And by the way, it's not your standard .0001 but .00001.
WIKI - "Par value is the minimum price per share that shares must be issued for in order to be fully paid. Typically recommend that par value be set at $0.001 or $0.0001 per share. Thus, if a founder purchases 8,000,000 shares of common stock, the minimum price that the founder has to pay is $8,000 at $0.001 per share or $800 at $0.0001 per share. Par value can even be set lower, such as $0.00001 per share, in order to minimize the amount paid for founders which would be $80.00.
He paid less for 100,000,000,000 shares than I did for 6,6550 shares. No loss for him at all. It's everyone else's money he played with.
This low par value is not a good thing. That's all I'm saying
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM