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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. |
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There is no answer at this time. |
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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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