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hedge_fun

09/02/12 5:37 PM

#30594 RE: pitadog #30590

I really don't see how you can rationalize FB to ANY pink sheet stock or the markets they are in.



I wasn't rationalizing anything. I was simply pointing out the flawed logic in suggesting only companies with proven track records should have access to capital markets. FB had that proven record, right?

I did however point out that FB had no real plans for the cash raised in the IPO either. The CEO cashed in rather well, didn't he? Of course he wasn't doing too bad prior to the IPO, was he?

Again I ask, was it greed or was it capitalism? The markets are all about prices. My hat is off to him.

Momma always said, 2 wrongs don't make a right.



Who said the FB IPO was wrong? I simply said the stock was overpriced and "worth less" than when it opened. It's none of my business what the CEO sold his stock for, nor is it my business what someone paid for it. The markets aren't for the weak and everyone can make their own decisions about prices.......even when the companies state their purposes for going public, as FB did.

You aren't suggesting FB did what most pinks do, are you? Pinks don't fully disclose, yet FB did disclose and people freely chose to buy the stock regardless of the fact it was basically for the purpose of creating a market for FB shares, as the S-1 said.

A development stage company has no proven record and as long as that is disclosed I don't see what business it is of anyone what someone chooses to invest in.