Boiler Room: The Official Stock Market Discussion

KING WILL

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Cant find the post right now, for some reason, but someone posted about SOGO that I read and researched late last night. I was intrigued, so I set up me an Ally account. When my funds became available I will be purchasing some of that stock.

1st time ever.
 

KING WILL

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Question:

What happens to your stock that you have in a smaller company and they get purchased by one of the huge companies out there?
 

Big Jo

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Question:

What happens to your stock that you have in a smaller company and they get purchased by one of the huge companies out there?

A price per share buyout is negotiated in the acquisition. Typically above market value. An example would be when Cablevision was bought out. Their share price at the time was say $22. And the buyout settled active shareholders at $30. By proxy you sell back the shares you owned at $22, for $30.
 

KING WILL

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A price per share buyout is negotiated in the acquisition. Typically above market value. An example would be when Cablevision was bought out. Their share price at the time was say $22. And the buyout settled active shareholders at $30. By proxy you sell back the shares you owned at $22, for $30.


Cool man, thank you.
 

KING WILL

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Funds finally became available.

60 shares of AMD and 30 Shares of SOGO.

Got a lil less than $300 left to play with ATM. Looking hard at this Tencent Company.
 
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