- Jurisdiction
- Missouri
A small business (C Corp) is authorized to issue 30,000 shares of stock. The company is an internet provider so there are "members or subscribers".
An initial offering was done at $50 a share for a time. to all subscribers and $28,000 was raised. Another offering is being done currently at $30 a share. I know stock values go down after an offering so that is not THE issue.
The issue I have is that the stock offering may have been presented to a select number of individuals and not to everybody as a whole. It doesn't make sense (legal) to me that only a few are given the opportunity to purchase at a lower value and not to all subscribers. I have tried to contact the Securities division but they can't give legal advise. I would think there would be a statute that regulates the offerings.
An initial offering was done at $50 a share for a time. to all subscribers and $28,000 was raised. Another offering is being done currently at $30 a share. I know stock values go down after an offering so that is not THE issue.
The issue I have is that the stock offering may have been presented to a select number of individuals and not to everybody as a whole. It doesn't make sense (legal) to me that only a few are given the opportunity to purchase at a lower value and not to all subscribers. I have tried to contact the Securities division but they can't give legal advise. I would think there would be a statute that regulates the offerings.