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re: Own a Piece of Paper Implying Stock That Has No True Value Yet Ceremoniously Says You Own a Piece of the Packers. Or Don't. What Do I Care.
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Originally Posted by Schneed10
Any investor with a modicum of knowledge about financial markets would be outraged at this, including me.
Stock is equity in a company entitling you to a share of the profits. Green Bay is calling this a Common Stock - which is a specific financial term - and then saying on the page that it doesn't entitle you to any profits.
It's incredibly confusing, even if the Packers didn't intend to deceive.
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Well said.
If you call something a Common Stock and charge 250 dollars for it many people will believe it is worth something. Its purely a souvenir and a fund raising gimmick, which is fine, but to not clearly disclose that is deceptive.
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