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Nationalizing (your own) public corp (Little Upsilon)

Topics: Little Upsilon: Nationalizing (your own) public corp (Little Upsilon)

rep (Little Upsilon)

Wednesday, June 29, 2011 - 03:31 am Click here to edit this post
I'm too lazy to check who it was, but someone told me in a different thread that there was a way to nationalize your own public corp by doing some sort of share deal.

Can anyone give specifics on how to do this?

I'm trying to return a public corp to state corp status, and I'm stuck on 99.81% of the shares. There are only two IF that still hold the 140k shares left. One is an inactive president, the other refuses to sell. So my only apparent alternative is to nationalize it.

Thanks for any info.

white darkness (Little Upsilon)

Wednesday, June 29, 2011 - 03:37 am Click here to edit this post
That would have been me. Pass ownership via share transactions to a CEO account, then nationalize the sucker.

This will institute a share sale off, however I can in no way guarantee that it will liberate those shares in IF fund hands. Worse case scenario, it'll release some accidentally into the wild again. Best case scenario, you liberate those shares.

When in doubt, expect the worst and be pleasantly surprised by the best.

rep (Little Upsilon)

Wednesday, June 29, 2011 - 05:42 pm Click here to edit this post

Appreciate the info, and sorry I didn't give you proper credit in the OP. It was late, I was burnt, etc. :P

Will give it a try and see what happens. Not really concerned about the 140k shares in the hands of others, it's more that I want the control back in my hands.

It seems I don't have the knack for publics, but I do well with states, so go with my strength, even at some profit potential loss.

Thanks again.

white darkness (Little Upsilon)

Thursday, June 30, 2011 - 05:31 pm Click here to edit this post
Meh, who needs credit? That's not important typically.

Good luck, and hopefully it'll sort itself out advantageously. If not, well, I did mention that it could work out worse.

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