Commanders Post at The Warpath - View Single Post - 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.

v8-7 · 12-06-2011, 12:47 PM

It is merely a non tax deductible donation .

And yes it is misleading to call it "Stock"

Further, in addition to the 250/share, there is a $25 extra fee ..

From the prospectus:

"Common Stock does not provide shareholders with any opportunity to participate in the economic performance of the
Corporation because, among other things, no dividends or distributions upon liquidation can ever be paid to shareholders.
Also, as described in “Description of Capital Stock—Transfer Restrictions; Redemption,” the Corporation’s Bylaws drastically
limit the transferability of Common Stock, and the Corporation has a right of first refusal to repurchase Common
Stock at a price of $0.025 per share if any shareholder proposes to transfer his or her Common Stock to a third party.
As a result, it is virtually impossible for anyone to realize a profit on a purchase of Common Stock or even to recoup
the amount initially paid to acquire such Common Stock."

12-06-2011, 12:47 PM	#39
v8-7 Camp Scrub Join Date: Aug 2008 Posts: 20	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. It is merely a non tax deductible donation . And yes it is misleading to call it "Stock" Further, in addition to the 250/share, there is a $25 extra fee .. From the prospectus: "Common Stock does not provide shareholders with any opportunity to participate in the economic performance of the Corporation because, among other things, no dividends or distributions upon liquidation can ever be paid to shareholders. Also, as described in “Description of Capital Stock—Transfer Restrictions; Redemption,” the Corporation’s Bylaws drastically limit the transferability of Common Stock, and the Corporation has a right of first refusal to repurchase Common Stock at a price of $0.025 per share if any shareholder proposes to transfer his or her Common Stock to a third party. As a result, it is virtually impossible for anyone to realize a profit on a purchase of Common Stock or even to recoup the amount initially paid to acquire such Common Stock."