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Own a Piece of Paper Implying Stock That Has No True Value Yet Ceremoniously Says You Own a Piece of the Packers. Or Don't. What Do I Care.

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Old 12-06-2011, 12:08 PM   #11
mlmpetert
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re: Own a Piece of Paper Implying Stock That Has No True Value Yet Ceremoniously Says You Own a Piece of the Packers. Or Don't. What Do I Care.

Quote:
Originally Posted by Schneed10 View Post
Any investor with a modicum of knowledge about financial markets would be outraged at this, including me.

Stock is equity in a company entitling you to a share of the profits. Green Bay is calling this a Common Stock - which is a specific financial term - and then saying on the page that it doesn't entitle you to any profits.

It's incredibly confusing, even if the Packers didn't intend to deceive.

Well said.

If you call something a Common Stock and charge 250 dollars for it many people will believe it is worth something. Its purely a souvenir and a fund raising gimmick, which is fine, but to not clearly disclose that is deceptive.
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