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re: Financial blunder stories

Posted on 4/18/16 at 4:23 pm to
Posted by southernelite
Dallas
Member since Sep 2009
53180 posts
Posted on 4/18/16 at 4:23 pm to
Well, Apple didn't IPO until until 1980, so it's very likely that between 1976-1980 that his shares would have been diluted.

ETA: he sold in 1976 two weeks after he bought in. He was later offered 1500 when Apple did get financial backing, which would have diluted his portion of the shares assuredly.
This post was edited on 4/18/16 at 4:31 pm
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 4/18/16 at 4:40 pm to
quote:

Well, Apple didn't IPO until until 1980, so it's very likely that between 1976-1980 that his shares would have been diluted.


Bruh...
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