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Slojab

12/03/09 12:10 PM

#52910 RE: DD-214 #52906

From Ivestopedia on selling private shares....

How can I sell private company stock?

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In some instances, both private and public companies may issue shares to their own employees as part of a compensation program. This action is designed to motivate employees by tying a portion of their earnings to the company's earnings.

In some cases, people may eventually want to sell their shares. For publicly traded shares, this process is simple: an employee can just sell the shares through a broker. Private shares, on the other hand, cannot be sold as easily. Because private shares represent a stake in a company that is not listed on any exchange, finding a buyer may be difficult. The lack of information about most private companies tends to dissuade investors, who are usually very reluctant to buy into a company that they know nothing about.

The simplest solution for selling private stocks is to approach the issuing company and to inquire about what other investors did to liquidate their stakes. Some private companies may have buyback programs, which allow investors to sell their shares back to the issuing company. Private companies may also be able to provide leads about current shareholders or new investors who have expressed interest in buying the company's shares.

After an investor manages to find a buyer for the stocks, it is suggested that he or she visit a securities lawyer in order to finish off the paperwork because although private stocks are not registered with the Securities and Exchange Commission (SEC), all SEC regulations involving selling stocks must still be followed. Failure to comply with all relevant regulations may result in civil, administrative or even criminal penalties.

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xray44b9

12/03/09 12:13 PM

#52913 RE: DD-214 #52906

The only realistic chance of profiting from the ownership of ETC private stock is if it goes public one day in an IPO. Then, if the company has been a success, great profits may be made. Let's put this ridiculous notion of "there is always a market for private stock you just have to find a buyer" notion to rest once and for all. It is ludicrous and yes, it's about as likely that you'll sell your old crappy 70's tube socks (OK I really did get rid of these long ago) as somehow track down a buyer (how, where, who, and through what, more lawyers ?...) for ETC until it's public.
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topweb

12/03/09 12:21 PM

#52919 RE: DD-214 #52906

I can't comment on whether or not there's a market for ETC but I can say that I use to work for a private company and owned their private stock. It was valued quarterly.

I left the company in 2004 and in march of 2009, I rolled it over to an Investment IRA and that's how I got the money to invest in EXPH.

If ETC does what is expected then I'm not going to worry to much about valuation as it will take care of itself.

Sure, it may not have much value now but I'm willing to take the chance that down the road it will gain valuation. Why not, what do I have to lose? More valuation in EXPH? I think we've already accomplished that, lol.

Just my opinion, GLTA.
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ORCA

12/03/09 12:24 PM

#52921 RE: DD-214 #52906

IS IT YOU ON THE ASK??
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venomen2002

12/03/09 1:13 PM

#52945 RE: DD-214 #52906

Really..are you serious??

"do you honestly believe just because JD, a known fibber said"..

How was the shareholder meeting you said you were out the door to get to the airport so you could attend??

Credibility shot on any post calling JD a "fibber"...veno