There's no record. The shares exist. The company did, in fact, issue 10 million shares to various investors. But whatever.com had no restrictions on selling them. So those shares trade actively and freely among the Whos in Whoville. They're not registered with a brokerage. They're more or less like playing cards with VIN or Serial Numbers embedded in them. And, well, that's about it.
So if you wanna buy 10,000 of 'em for $4.32 each from Vinny, the guy with the long, gray raincoat in the alley, have at it. No need to do anything other than pocket them in your vest and tuck them away safely in your, um, safe...hoping some day for an IPO when, by default, they'll become registered. Good luck with that.
Related or Semi-related Video
Finance: What is a primary offering, and...28 Views
finance a la shmoop what is a primary offering and what are primary shares all
right people let's start with the primary offering it's pretty much just
an IPO or initial public offering of stock that's primary and hello 1933 Act [The 1933 securites act is slid onto a desk]
that's what gave rise to all the regulations around primary offerings its
original shares virgin ones in fact now being offered for the first time to an [Someone holding 'extra virgin stock']
investor public primary offering that's what it is
but primary shares also come from private companies like a venture capital [Sign for a venture capital company]
company might buy primary shares in a b round from whatever.com as that company
funds its growth now once a company is already public its shares will have
traded back and forth in many different hands over time those would be called [Secondary shares stamp]
secondary shares and hello 1934 Act which set the regs all around
secondaries so yeah primary 1933 secondary 1934 and well that's pretty
much it as long as you can count to two this one's a pretty easy concept to
would wrap your head around.. primarily.. [Woman looks confused]
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