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**Geetiill** · 05-24-2012, 10:33 PM

Ah, good, thanks for clearing up the prior selling legality, what I had read suggested it wasn't quite kosher.

Well, it's a grey area. You can have up to 500 private investors without having to file with the SEC, but the secondary markets, OTC products and derivatives on the back of this are almost impossible to track. FB had many many more than 500 investors, and what they were doing ultimately forced the IPO. It's important to note that FB (especially Zuckerboy) didn't want an IPO at all.

I should have clarified - what I meant by "what the market believes they're worth" would have been what they're trading at.
I did say "perhaps" - do you think they made any mistakes in the whole IPO and it's follow up? It was executed like any other IPO, it just got 100x more attention. I am always surprised at the amount of surprise expressed when it gets out how much we're all getting screwed every day.

05-24-2012, 10:33 PM	#86
Geetiill Join Date Oct 2005 Posts 384 Senior Member	Ah, good, thanks for clearing up the prior selling legality, what I had read suggested it wasn't quite kosher. Well, it's a grey area. You can have up to 500 private investors without having to file with the SEC, but the secondary markets, OTC products and derivatives on the back of this are almost impossible to track. FB had many many more than 500 investors, and what they were doing ultimately forced the IPO. It's important to note that FB (especially Zuckerboy) didn't want an IPO at all. I should have clarified - what I meant by "what the market believes they're worth" would have been what they're trading at. I did say "perhaps" - do you think they made any mistakes in the whole IPO and it's follow up? It was executed like any other IPO, it just got 100x more attention. I am always surprised at the amount of surprise expressed when it gets out how much we're all getting screwed every day.
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