Human IPO: Man Sells Himself for $10,000 - Page 2 - TigerDroppings.com

Posted byMessage
OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3538 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

I wonder what the NCAA would do if a 5 star athlete did that?


That would be awesome if athletes could do that!






Back to top
white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2618 posts

re: Human IPO: Man Sells Himself for $10,000


Could I make a mutual fund of upper middle class kids in catholic school.







Back to top
Putty
LSU Fan
Member since Oct 2003
21048 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

same thing happens with unsecured debt


solid logic






Back to top
joeytiger
LSU Fan
Denham Springs
Member since Jul 2012
3267 posts

re: Human IPO: Man Sells Himself for $10,000


Pretty innovative and interesting idea.





Back to top
C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21105 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

chapter 7...reset....thanks for the free money.


would a judge actually let you go through ch 7 though if you are profitable?






Back to top
white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2618 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

chapter 7


OK, for all us non financial lawyer guys, WTF is this







Back to top
ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
7978 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

WTF is this


Bankruptcy, specifically the kind that allows you to erase nearly all kinds of debt.






Back to top
C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21105 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

specifically the kind that allows you to erase nearly all kinds of debt.


it stays on your credit reports for, i think, 7 years. So that'll cost you just starting out...






Back to top
Putty
LSU Fan
Member since Oct 2003
21048 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

would a judge actually let you go through ch 7 though if you are profitable?


to free yourself from indentured servitude / debtor's prison with benefits of house arrest? Hell yes.

However, you'd probably not even have to do that as the agreement would in all likelihood be void under state law as against public policy.






Back to top
C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21105 posts

re: Human IPO: Man Sells Himself for $10,000


I wasn't really referring to the exact situation in the op. could you structure you income as a dividend paying corporation?





Back to top
white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2618 posts

re: Human IPO: Man Sells Himself for $10,000


quote:

I wasn't really referring to the exact situation in the op. could you structure you income as a dividend paying corporation?


Yea, it'd be just another bill






Back to top
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29608 posts

re: Human IPO: Man Sells Himself for $10,000


Edit your title.

quote:

decided to split himself into 100,000 shares and set an initial public offering price of $1 per share.


That means his IPO was for $100K, not $10K.

quote:

Within five years, Mike sold over 3,700 shares of himself and his stock price hit a high of $20.


This means he only sold 3.7% of the initial issue. Looks like he still has 96.3% of the voting stock so he has nothing to worry about.






Back to top


Back to top




//