Watching the FB bagholders [NotSoBreakingPrice] - MarketTicker Forums


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User Info	Watching the FB bagholders in forum [NotSoBreakingPrice]
Argos Posts: 6312 Incept: 2008-03-23 The Green Mountain State	Briar, Brown was looking to Facebook for big-time tax revenues: http://www.cnbc.com/id/47435168?__source.... 2012-05-21 18:03:47 Permalink
Jackjimbopits Posts: 296 Incept: 2009-07-02 Phoenix, AZ	My understanding of the mechanics of an IPO is novice at best, but I don't think the actual performance of the IPO matters much to Cali - once the stock was initially sold at 38 (which I presume is the cost the underwriters purchased the stock and then sold to the market) California had it's taxable income. After that point, the money is then in the hands of Wall Street. ---------- "Joe hasn't yet informed the president of his plans because he inadvertently ingested all of his black crayons" - Jackjimbopits 2012-05-21 18:15:20 Permalink
Jackjimbopits Posts: 296 Incept: 2009-07-02 Phoenix, AZ	I suppose the Gain/Loss on the remaining shares of stock would be negatively affected by the drop and thus reducing Cali's future tax receipts. In my first post, I was assuming the insiders would've sold whatever the were able to - but this obviously wouldn't be the case. ---------- "Joe hasn't yet informed the president of his plans because he inadvertently ingested all of his black crayons" - Jackjimbopits Last modified: 2012-05-21 18:20:45 by jackjimbopits 2012-05-21 18:19:15 Permalink
Aaron Posts: 1087 Incept: 2007-11-27 Los Angeles	I don't see this as a Morgan Stanley fail - they managed to place an IPO WAY higher than it should have been. They hyped it up more than ANY other IPO in history. It's still super-hyped. People have this mentality that there must be something wrong since the stock is tanking, because Facebook is super-amazing and the future of Web 2.0 and blah blah blah. ---------- Now with 32-percent more trash-talk. 2012-05-21 19:37:20 Permalink
Gen_maximus57 Posts: 4580 Incept: 2007-09-03 Tampa	Quote: it was priced wrong well, that depends on your perspective. 2012-05-21 19:56:45 Permalink
Poid Posts: 610 Incept: 2010-03-08	ya it was priced right for Facebook itself. which is an IPO rarity; usually the IBs will underprice to take profits themselves and effectively screw the listing company out of cash. In that regard MS got it wrong, werent able to fleece FB as they would usually do. So all this activity was absent of borrowing to short? if so wow... 2012-05-21 22:36:00 Permalink
Bailout-funder Posts: 1014 Incept: 2008-10-17 SF Bay Area, CA	Poid that is a pretty good point. Thanks for posting that insight/perspective. ---------- "As we have now seen, one little lie, repeated often enough, becomes one gigantic mess." "Someone clearly got the best government money can buy, but it certainly wasn�t us." --Karl Denninger 2012-05-22 02:41:14 Permalink
Striker754 Posts: 671 Incept: 2009-07-09	"I don't see this as a Morgan Stanley fail - they managed to place an IPO WAY higher than it should have been. They hyped it up more than ANY other IPO in history. It's still super-hyped. People have this mentality that there must be something wrong since the stock is tanking, because Facebook is super-amazing and the future of Web 2.0 and blah blah blah." They look REALLY bad though because like it or not, the public views IPOs as successful if they pop hard the first day. 2012-05-22 07:27:14 Permalink
Etz Posts: 13889 Incept: 2007-06-26 LA	Our story so far: Facebook, a wildly overvalued momentary internet phenomena led by an arrogant 28 year old man-child, decided to treat the process of going public with the same respect they do their users� privacy, which is to say, with none at all. So they went public more or less unlawfully over the past two years, allowing 1000s (or more) outside investors to acquire substantial stakes via secondary markets from their employees and early investors. Note this is within the company�s control, and could have been stopped, but they elected not to do so. When the clamor to dump shares overwhelmed these markets (but not the hype surrounding them), FB decided to do what was described as an IPO, but was in all actuality a secondary. Flattered and cajoled by the bankers and wankers at Morgan Stanley and Nasdaq respectively, the man-child allowed the Facebook�secondary to be bungled by these once-great-now-***e financial firms. http://www.ritholtz.com/blog/2012/05/how.... ---------- Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora. 2012-05-22 08:52:28 Permalink*
Drench Posts: 28631 Incept: 2009-11-10	Closed at 31, down after hours to a new low. 2012-05-22 17:11:50 Permalink
Grody Posts: 3731 Incept: 2008-02-19	These are not your insider buddies, Mark! Quote: The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." http://www.reuters.com/article/2012/05/2.... ---------- Pain is weakness leaving the body. Bulls need more pain NOW. Last modified: 2012-05-23 23:21:38 by grody 2012-05-23 23:21:07 Permalink
Lowbeyond Posts: 16875 Incept: 2008-02-11 CO aka West NJ/East CA	I like how they close this at even numbers. Computers rule! ---------- Maybe it was a birdy bread-bomber from the future?! 2012-05-23 23:24:56 From PDA Permalink
Grody Posts: 3731 Incept: 2008-02-19	Right. Closed at 31.00 yesterday, Closed at 32.00 today. ---------- Pain is weakness leaving the body. Bulls need more pain NOW. 2012-05-24 00:27:24 Permalink

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