Ask Experts Questions for FREE Help !
Ask
    sharon_cilia's Avatar
    sharon_cilia Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 16, 2008, 03:15 AM
    price of shares
    my mum is 75 years old she received a letter from a company offering to buy her shares in another company for $7.50 per share. She was told if she accepted the offer within 14 days they would pay $8.50 per share. The existing price of her shares were $14 but my mum never kept an eye on what was going on. Mistakenly she signed the offer to sell her shares at $8.50. Now she has realised the actual value of the shares and cannot remember if the current price was stated on the letter of offer or not. Does my mum have any rights?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Nov 17, 2008, 06:50 AM
    Hello sharon:

    Did the sale occur?? If not, your mom can REFUSE to transfer her shares, and make them sue her. They probably won't.

    excon

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Shares [ 1 Answers ]

Miss Olufemi,Mr. Theophils Okine and Mrs. Lampety-Mills are shareholders of Groover Ventures Ltd.They had equal percentage of the issued shared of Groover Ventures Ltd.All the shareholders are directors of the company.Miss Olufemi and Mr. Okine hold Executives positions in the company.As a result...

Co-op shares [ 2 Answers ]

I need advice about my shares being taken away by the corporation. We were in a court battle spanning about 7 years. The dispute is over money, as usual. I requested proof of their claim(s) against me. I got no answer. I asked my attorney to look into the matter. Apparently he hasn't. ...

Shares applied for and shares alloted [ 2 Answers ]

I am a bit confused - the following is a question in my assignment: Xx Ltd was registered on 1 Jan with a capital of R80 000, divided into 10 000 5% preff shares @ R2.00 each, and 30 000 ordinary shares of R2.00 each. Preff shares were fully subscribed and duly allotted, but only 25 000 ordinary...

66% shares [ 1 Answers ]

Hi, I owned the 66% of one company Can I sell this company even when the guy that owned the other 33 % does not want to? Florida company


View more questions Search