The real question everyone needs to ask, why does AIG or any public traded company have over a billion shares of stock? This is the problem with corporate America and the stock market. As we are aware, once a company like this gets into trouble, who loses? The shareholder. They just file bankruptcy, reorganizes with the same management, cancel stock, start new stock and people buy it again. I don’t just blame the businesses and people that buy it, I blame the SEC for allowing such large amounts of stock. I guess I should start a corporation Baxtor Inc, sell shares at $10, tell everyone it’s a great deal, request 100 million shares approval by the SEC, and bring home my billion $$$. Maybe pay a $.05 dividend, which is unheard of from a new start up company for a few years, then move the money around (hide it), then file bankruptcy for the corp. I don’t think any company should ever have over 1 million shares at any one time. Just my two cents…
So when do i get a refund on the money the feds stole from me and gave to AIG?
ha, good one. Its in the mail, with a 2-cent stamp!
The real question everyone needs to ask, why does AIG or any public traded company have over a billion shares of stock? This is the problem with corporate America and the stock market. As we are aware, once a company like this gets into trouble, who loses? The shareholder. They just file bankruptcy, reorganizes with the same management, cancel stock, start new stock and people buy it again. I don’t just blame the businesses and people that buy it, I blame the SEC for allowing such large amounts of stock. I guess I should start a corporation Baxtor Inc, sell shares at $10, tell everyone it’s a great deal, request 100 million shares approval by the SEC, and bring home my billion $$$. Maybe pay a $.05 dividend, which is unheard of from a new start up company for a few years, then move the money around (hide it), then file bankruptcy for the corp. I don’t think any company should ever have over 1 million shares at any one time. Just my two cents…