Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: bunkera Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19414  
Subject: my parents and an IPO Date: 7/12/2000 5:24 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I'm not even sure if this is the right place for these questions. I've tried all the FAQs I can think might have something to do with it and done a few searches, but in all honesty, I can't even think how to search for info relating to my question. :( So, here's the story:

My retired parents hooked a long-time friend up with my cousin in a business deal, a few years back. The deal worked out and the company supposedly IPOed last week. As their finders' fee, the company awarded them some stock.

My parents are children of the Depression and know nothing about investing. As their only child that has taken much of an interest in it, they asked me to help them decide what to do with this stock. They currently live on a pretty small retirement income.

I personally don't trust the company's founder (their friend) and if it were my stock, I'd dump it as soon as I could and get it into a "better" investment. So far, my efforts to wring an investor's packet (so I can read it and hopefully explain it to my parents) out of the company's founder have been futile (he's not heard his last from me about it!) and I can't even find out which exchange it's being traded on! The only evidence I have that the stock offering exists is my father's stock certificate.

My questions:

How I put more pressure on the company's founder to give me a packet (this is required by law or something, isn't it?)?

I doubt my father will go for the "dump the stock" answer no matter what the numbers end up saying. This is a personal friend, after all. How can I soften the blow? Perhaps try to convince him to sell part of it? ...?

What is a "better" investment for them in their 70+ years (both in excellent health -- they've got living to do yet!)?

Any help you all can offer will be appreciated. Even if that consists of a pointer to a more appropriate board. ;) Thanks tons!

bunkera
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement