Selling Stock Through Social Media
Street Smart
6/28/2011 9:53:17 AM
I just keep coming back to the fact that just because Loyal3 has this idea doesn't mean they are just automatically going to haul off and start selling stock.
Either they need to be affiliated with a registered broker/dealer who can sell, clear and perform all the compliance tasks for them, or they have to become that entity themselves. Good luck with that last part. Actually, good luck with BOTH parts!
MY PREDICTION: Either somebody (besides the small investors) is going to get their heads handed to them on this deal or it isn't going to happen.
Re: what seems off?
erierunner
6/28/2011 7:01:05 AM
I bet that's where the fees start to sneak in on the selling part.
dumb people out there
erierunner
6/28/2011 6:58:29 AM
I am actually a bit excited to see social media used in a meaningful way other than knowing who someone voted for on idol. One thing I fear is the floodgates of fraud opening up. Uneducated investors will get taken for a ride from fraud sites posing to do same thing. Three years later and people are still clicking the button to see what the father saw when he walked in his daughters room.
Re: what seems off?
erierunner
6/28/2011 6:51:16 AM
I was in the same mind, ok with concept, not so much on ownership. Something not sitting right there.
Eyes Wide Shut
AskAsa
6/27/2011 1:56:56 PM
Are we refusing to see the obvious, or even to respond to what we're obviously sensing?
We've been hear before. I recall a similar venture in 2000 or so. I know it was funded and won a lot of publicity. then -- poof. No word where it -- or the vc it attracted -- went.
Re: where's the Dislike button?
Broadway
6/23/2011 11:09:23 PM
In a way the popularization of stocks and convenient and cheap online trading led or at least fueled the dotcom bust. Are we doomed to repeat our mistakes in ever-narrowing time frames?!
no fees whatsoever?
mInvestor
6/23/2011 6:08:30 PM
"there are no fees whatsoever"? If they can do that, they can attract lots of value (index) investors. In this case, it will be interesting to find out how they are going to absorb all those management fee.
Re: what seems off?
Phoenix
6/23/2011 1:00:35 PM
When you look at the rate social media is expanding and providing new services everyday selling stock seems to be a natural progression to the next level. But the security offered by social media sites does not seem adequate to handle such deals. Although shares can be bought in smaller quantities there is still the risk of verifications, not to mention the credibility of the organisation in question. And of course the resent hacking spree makes you question whether it is all worth the hassle?
Re: what seems off?
AskAsa
6/23/2011 9:58:10 AM
Fraudulent misrepresentation 20 years ago in Australia is not a total deal killer.
But it needs to be addressed openly and clearly before I could feel confident to do anything with this company.
The blogs and comments posted on Investor Uprising do not reflect the views of Investor Uprising, PRNewswire, or its sponsors. Investor Uprising, PRNewswire, and its sponsors do not assume responsibility for any comments, claims, or opinions made by authors and bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
Tweet This