If they're hard up for cash now instead of waiting 30 days, offer low and see if they take it. If it's enough and they accept right away you paid too much.
If you really don't want it on the general market, offer high. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Wed, Apr 13, 2016 at 11:14 AM, CBB - Jay Fuller < [email protected]> wrote: > > Good morning - > > Today we received notice at least one of our shareholders wishes to share > his stock. > We have another shareholder who is the widow of one of our founding > members who also should probably be considering selling - although she is > not really thinking about it. We do not know any of her relatives > (nephew?) who would likely be the heir to her stock. Her age is currently > 81 I believe. > > I know the "ongoing" value for a company is generally 1.5 times annual > revenue, but the true value of what a company is worth is what someone is > actually willing to pay for the stock. > > Per our bylaws, the company has 30 days to make an offer before the > stockholder hits the general market. > > What advice can you give as to what kind of offer the company should give? > > The stockholder likely does not know what the "market rate" is and very > likely the market rate is not the same here in the deep south. > > I am also curious as to what your thoughts may be on how the stockholder > may try to sell his stock on the open market. I feel sure it would not > consist of a classified ad in the local paper. :) > > Thanks in advance. > > > > _______________________________________________ > Members mailing list > [email protected] > http://lists.wispa.org/mailman/listinfo/members > >
