If it is not clear what part of the company a share represents, then you cannot really call it a stock.
But Danny, the amount of a stock issued changes constantly. MSFT stock was at first 1 million shares, so if you owned 1, you owned 1/millionth of the company (sort of), Bill owned 500,000 so he could be said to own 50%.
Later the board decided to dilute the stock and issue 9 million more shares. Your 1 share now means you own one-ten-millionth of the company. Bill now owns 5% of the company. Then they issue 3 millions special shares (Craig would have the specific name for them :) ) and, as it happens, assign them to Bill (for performance). Bill now owns 3.5 million of 13 million existing (26.9%) and you own 1 part of 13 million. Then they decide to issue a stock "split" (so called) wherein everyone of some given type of share gets one more free share...etc
{Of course, ther MSFT picture is quite different, because in reality there are a number of different types of shares issued at different times, with different rights and so on, some voting, some not, some convertible, some not, etc, so its not as simple as the above, but the above is a good example.}
And what annual report they are going to publish?
4 times a year, it claims.
As a shareholder you have the right for certain information..
Ah yes - you have the RIGHT.
And what about the right to free healthcare? :-)
You have no rights to anything. If you invest in my coffee shop on the corner, the contract might specify that you get a report once every two years, or it might specify you never get anything. Who knows? It would be between us as adults.
Let's say MSFT shares had been originally sold with the proviso "since we are such an incredible company, we will NEVER issue an annual report - take it or leave it, it's a free world" Let's say that was the case and everyone today always mentioned how funny it is that iconoclastic MSFT has no annual reports at all Would it still be a good investment? Would your money still have gone up by 1000sx of times? Would it be "immoral" or something for you and MSFT as free adults to enter into such an agreement?
I believe some people confuse "what is common or a rule on nasdaq specifcally" with "some sort of abstract, platonic notion of issue"
Also, generally, Craig (say) finds it very hard to believe there are differnt "types" of "ownership". I own a small apartment in a block which is a condo-type rules situation (to be honest I don't even know or follow all the underlying government acts and so on which specify this type of ownership), and that is one type of ownership, I can (usually, but not always) "sell" my apartment and so on, and use it (within many limits) as I see fit (example, I can in my apartment specifically paint the wall -- but not puncture the wall). That is a different type of ownership to say just "owning" (lol) a quarter acre of land (ie, you're allowed to rent it from the local government until they want it to build a road or you stop paying the "rent" (sometimes called rates, council taxes etc) and they take it from you.) In Britain its common to "own" land but only for 999 years at which time it reverts to Prince William or the like. Similarly with shares there are vast variety of quality of ownership, some with voting rights, some without, some with the preferences Craig mentioned like first shot at liquidation, etc., some without, some with orderly disposal clauses, etc. Owning something literally in your hand (a rock you possess in your pocket) is another type of ownership (more "pure" if you will) and so on.
as with many things in the digital gold world, the extreme novelty of TGC shares makes us think about these things.
Hell, newbies still join the list who complain that e-gold doesn't work "in dollars, why doesnt it work in dollars, what is this grams stuff"
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