Thursday, August 05, 2004

Oops! Google shares issued illegally?

I am amazed at this story (reuters or msnbc) about Google's - omission - of potentially illegally-issued shares. The fact that Google management could have made this mistake is boggling, if only due to its scale: 23 million shares is a significant number of shares, regardless of their actual or perceived value...it would be significant even if Google was a penny stock!

I wonder how this will play out and affect their IPO or initial valuation....

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