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Q: How do I sell Private Company Stock? ( No Answer,   5 Comments )
Question  
Subject: How do I sell Private Company Stock?
Category: Business and Money > Finance
Asked by: equestions-ga
List Price: $35.00
Posted: 16 May 2005 19:02 PDT
Expires: 15 Jun 2005 19:02 PDT
Question ID: 522424
I currently hold 300,000 shares at $5 Each. The problem I am finding
is that I cannot sell the stock through brokers since the company is a
private company. Most brokers only deal with public companies that are
traded on NASDAQ, OTC, or Pink Sheets. I purchased the stock through a
Private Placement Memo PPM via SEC exemption rule 506.

I am looking for a detail description of how to sell this type of
stock. Sort of step by step instructions. If there is a list of
brokers or another place where I can sell these direct to the public.
Or if can find someone to sell these stocks for me I will gladly
pay 10% of the sale to the seller.
Answer  
There is no answer at this time.

Comments  
Subject: Re: How do I sell Private Company Stock?
From: chadsly-ga on 17 May 2005 11:08 PDT
 
Knowing the name of the company would help.
Subject: Re: How do I sell Private Company Stock?
From: equestions-ga on 17 May 2005 13:50 PDT
 
The companies name is Hemisphere Airlines Inc.
Subject: Re: How do I sell Private Company Stock?
From: myoarin-ga on 17 May 2005 17:42 PDT
 
What else can you tell about the company?
Address?
In which state is it incorporated?
Activity:  charter, school, ...?
Do you get annual reports, etc.?
Subject: Re: How do I sell Private Company Stock?
From: equestions-ga on 17 May 2005 20:37 PDT
 
The company name is Hemisphere Airlines Inc. incorporated in Del. It
is a startup company not more then 6 months old. The companys goal is
a low cost, low fare international airline based out of San Fran and
NY. Operations will comence around FEB 2006. The only information I
have is something called a Private Placement Memo PPM from the company
which offered the securties.
Subject: Re: How do I sell Private Company Stock?
From: myoarin-ga on 18 May 2005 06:18 PDT
 
I am no expert, but my feeling is that with a company in a start-up
situation like this, it will be very difficult to find a buyer before
the company starts to make its presence known.  I - as a potential
buyer - would question why you want to sell your shares at this time,
having bought them on the basis of the PPM.  I would suspect
(rightfully or mistakenly) that you as a shareholder had some insight
into develops in the start-up that were the reason for your wanting to
sell.  For lack of any other information about the company, I would
prefer to invest my money in almost anything else.

Sorry to sound like a wet blanket, but probably you have already had
your own thoughts along this line of reasoning.

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