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Letter stock

• Privately placed common stock, so-called because the SEC requires a letter from the purchaser stating that the stock is not intended for resale.

 
 

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 Common stock
Stock
 
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The most important thing about a man is what he believes in the depth of his being. This is the thing that makes him what he is, The thing that organizes him and feeds him; the thing that keeps him going in the face of untoward circumstances; the thing that gives him resistance. Hugh Stevenson Tigner

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