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Re: None

Wednesday, 11/23/2005 11:17:14 AM

Wednesday, November 23, 2005 11:17:14 AM

Post# of 311057
Can anyone show proof that the 504 shares were sold at par? I did a little research and it appears that the price of the shares is negotiated between the company and the buyer, but since they are unrestricted the company typically gets more then par. Otherwise the buyer could in fact bump them on the market the very next day for a profit. My guess is that most 504 issues were just below the market price, which by now would be a loss anyways.