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Thread: Packers Stock
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12-08-2011, 03:11 PM #1
Re: Packers Stock
Not far off... Today's lesson, always read your prospectus or offering statement before investing. $250 purchase price. 2.5 cent repurchase price. No economic benefit.
Although Common Stock is capital stock of the Corporation, Common stock does not constitute an investment in“stock” in the common sense of the term. As detailed under “Significant Information” within this Offering Document, Common Stock does not provide shareholders with any opportunity to participate in the economic performance of the Corporation because, among other things, no dividends or distributions upon liquidation can ever be paid to shareholders. Also, as described in “Description of Capital Stock—Transfer Restrictions; Redemption,” the Corporation’s Bylaws drastically limit the transferability of Common Stock, and the Corporation has a right of first refusal to repurchase Common Stock at a price of $0.025 per share if any shareholder proposes to transfer his or her Common Stock to a third party. As a result, it is virtually impossible for anyone to realize a profit on a purchase of Common Stock or even to recoup the amount initially paid to acquire such Common Stock.
some cheaper options...
http://www.ebay.com/itm/Green-Bay-Pa...item19cba3c275
http://www.ebay.com/itm/1998-Packers...item4ab1b11987
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Wes Campbell
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12-08-2011, 05:21 PM #2
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- Jan 2006
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- 773
Re: Packers Stock
Might be one of biggest scams going.
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12-08-2011, 05:38 PM #3
Re: Packers Stock
Not really a scam. They fully disclose what you are purchasing. Its a ceremonial ownership in a not for profit organization.
Its basically a non-deductible contribution... Saves them from having to use public funding or passing a special-use tax.
Not a scam, but also not an investment.[SIGPIC][/SIGPIC]
Wes Campbell
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12-08-2011, 07:26 PM #4
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- Feb 2009
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Re: Packers Stock
I bought one share. The shareholders meetings are alot of fun. I have been attending with friends for years. Another day to drink and talk football. They always have great tours and hall of fame for free. Which cost 10 bucks a pop. Plus I own part of the greatest sports teams ever.
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12-08-2011, 09:15 PM #5
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- Nov 2005
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