View Single Post
Old 04-28-2005, 10:12 AM   #12
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Every stock sale is negotiated. If you have stock, you can tell your stock broker to sell it only at 12 shekels. But if the price never reaches 12, the sale won't happen because that means nobody was willing to pay 12. Your offer stood out there and nobody took it up.

The numbers reported are not averages, but the price of the last sale of the stock.

You don't own the company unless you have a majority of the shares, but this is where I get lost. Companies don't have to own any of their own shares. In public companies the shareholders elect the board, so majority shareholders obviously hold majority sway.
Undertoad is offline   Reply With Quote