Saturday, December 16, 2006

Going Public

A company I used to work for went public on Friday. I now have 180 days to wait until I can sell the shares I own. If it stays in the $20 range it won't be much but it will give me some seed money for additional investments. The initial offering of $13 opened at $25, if fell to $23/share but that is still nice. I have to admit I'm dreaming about selling at $100, but the reality of that happening is pretty slim. I will likely be lucky to sell for $5.

The unfortunate thing is that my few shares have already been cut in a 1/2 reverse split. Even though, I'm happy to see potential. Life could be much worse...

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