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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 Giantone
Why? They tell you that is non voting common stock....many companies have this .The price fluxuates and if it goes up ....you make a profit...as with other stocks,you just have no voting rights,what's the problem?
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This statement is a PERFECT example of why this is deceptive.
Its NOT a real stock:
It has ZERO value
It can never be sold or redemmed, only transferred to close realities if you die
It holds no value
There are no dividens or income payments attached to it of any kind
BUT you do get a "vote" (although who knows to what extent and for what matters)
The SEC should not allow this thing to be called a common stock.
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