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Reply #3: No company can sell to ordinary people without going public.
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cosmicone
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Thu Jan-27-11 07:50 AM
Response to Reply #2 |
3. No company can sell to ordinary people without going public. |
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Private companies do Reg D Section 506 offerings which require the investments to come from sophisticated high net worth entities who can afford to risk the investment.
Even if Facebook wanted to sell to its users (who would probably pay a higher per share price than wholesale) they cannot.
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