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Man, those test proctors really come down hard on talking. I got kicked out for bellowing quietly in the corner and chewing on a test booklet.

In the Mood to Share

In the Mood to Share

Shares: Outstanding, Authorized, Par, and Under Par

"So now we're loaded. We have $500 grand to burn. Awesome. The company Hy created had 1,000,000 shares outstanding at first, which he nominally set as being worth one penny each. The cofounders and I bought 333,333 shares for $3,333. That penny a share was the initial par value of the stock. It really doesn't mean anything for future investors, but there must be some value assigned to that stock when the company is formed. And you get a...

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