1830: Railways & Robber Barons
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Can you sell shares of a company that has not floated or has not yet operated?
The stock sales rule bars only first-round sales, and the floating rule counts pool shares toward the float.
- 1830: Railways & Robber Barons rulebook · Rulebook · Stock Sales (5.1)
- 1830: Railways & Robber Barons rulebook · Rulebook · Floating a Corporation (5.3)
- Bearcat89 · Community · 2012-01-08
Yes, once the company has a par price and it is past the first stock round. Its shares sell at current market price, which equals par until someone sells into it. Each share sold drops the price one box, and sold shares still count toward the 60% needed to float.
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