Reading this business section for the first time and really enjoying it, am eager to learn and get more involved in business ventures!
I bought into a small company about 7 yrs ago, it has been growing nicely, it tried to go public about 6 months ago but due to a legal issue it was unable to do so. This company then took an alternate route to become publicly traded by listing on the OTC bulletin board and in its short while there has done well. At a certain point when the company qualifies it will become a publicly traded comp. on the nasdeq. I became involved with this company with the intention of selling my shares when their stock price raised as was anticipated by all at this company. Now to show my ignorance - I have never been involved with the stock market before. My shares at present are not at a price that I would want to sell them at but that time could happen soon so I want to make sure I am prepared for that. I have no idea on how I actually sell my shares and how I receive the money for them. I imagine that there is a good and bad way to do this, I want to make sure I am informed about what I am doing, I wouldn't want to be taken advantage of. Do I have to work with a stock broker? Can I do this myself on the net? I would like to learn about the most cost effective, wisest ways of doing this and if people have advice on how to best transfer/place funds regarding fees/taxes I would be very eager to learn. If you need more info no problem. Thanks to all...peace.
I bought into a small company about 7 yrs ago, it has been growing nicely, it tried to go public about 6 months ago but due to a legal issue it was unable to do so. This company then took an alternate route to become publicly traded by listing on the OTC bulletin board and in its short while there has done well. At a certain point when the company qualifies it will become a publicly traded comp. on the nasdeq. I became involved with this company with the intention of selling my shares when their stock price raised as was anticipated by all at this company. Now to show my ignorance - I have never been involved with the stock market before. My shares at present are not at a price that I would want to sell them at but that time could happen soon so I want to make sure I am prepared for that. I have no idea on how I actually sell my shares and how I receive the money for them. I imagine that there is a good and bad way to do this, I want to make sure I am informed about what I am doing, I wouldn't want to be taken advantage of. Do I have to work with a stock broker? Can I do this myself on the net? I would like to learn about the most cost effective, wisest ways of doing this and if people have advice on how to best transfer/place funds regarding fees/taxes I would be very eager to learn. If you need more info no problem. Thanks to all...peace.
