Dude bought $130 million in Coke stock at garage sale

Discussion in 'The Bar' started by wife is a whore, Apr 6, 2012.

  1. wife is a whore

    wife is a whore Stripped of POTY for butthurting staff VIP

    Reputations:
    577,403
    Joined:
    Jan 15, 2012
    Messages:
    47,154
    Likes Received:
    78,975
    http://news.yahoo.com/blogs/sideshow/family-claims-130-million-coke-stock-sold-garage-155728555.html

    So the guy bought an old stock certificate at a yard sale. He traced the companies history to find that it was absorbed by Coca-Cola.


    "The certificate for 1,625 shares of Palmer Union Oil Co. was endorsed and assigned, but a space designating the transferee was left blank. Marohn simply wrote his name in the blank space and began his legal case."

    Coke says they don't owe his family shit (dude died after filing suit) family wants to get paid. Think they got a case?
     
  2. BleedingGums

    BleedingGums Fesh Fox Faggot VIP

    Reputations:
    17,801
    Joined:
    Sep 21, 2010
    Messages:
    40,297
    Likes Received:
    4,902
  3. Schmoopy

    Schmoopy Shit Mult Hunter Gold

    Reputations:
    223,090
    Joined:
    Aug 25, 2010
    Messages:
    212,044
    Likes Received:
    35,250
    The schmuck paid $131 million for it. :facepalm:
     
  4. DrivenByDemons

    DrivenByDemons Spinoff Jesus Staff Member

    Reputations:
    263,953
    Joined:
    Sep 16, 2010
    Messages:
    70,635
    Likes Received:
    42,817
    Dont really give a fuck.
     
  5. Time Bandit

    Time Bandit Well-Known Member

    Reputations:
    26,695
    Joined:
    Jan 31, 2012
    Messages:
    10,038
    Likes Received:
    8,416
    I think theres a case...maybe not for the mother load but a settlement offer
     
  6. Shivvy

    Shivvy Well-Known Member Banned User

    Reputations:
    238,070
    Joined:
    May 23, 2011
    Messages:
    124,183
    Likes Received:
    45,099
    being compared him to the Beverly Hillbillies :jj:
     
  7. Gomez

    Gomez Well-Known Member

    Reputations:
    35,631
    Joined:
    Dec 13, 2011
    Messages:
    21,127
    Likes Received:
    5,897
    probably not, they'll have to figure out the transferor's intent (i.e., to whom did he intend on transferring?), that person's prolly dead.
     
  8. Vyb

    Vyb serial chiller Gold

    Reputations:
    7,053
    Joined:
    Sep 16, 2010
    Messages:
    43,535
    Likes Received:
    1,303
    I don't think there's a case. It's a stock certificate, not bearer bonds.
     
  9. Schmoopy

    Schmoopy Shit Mult Hunter Gold

    Reputations:
    223,090
    Joined:
    Aug 25, 2010
    Messages:
    212,044
    Likes Received:
    35,250
    Well doggy! Granny didn't even go to school and speaks better English.


    [​IMG]
     
  10. MatthewT

    MatthewT Awaiting The Rapture VIP

    Reputations:
    327
    Joined:
    Dec 16, 2011
    Messages:
    63,473
    Likes Received:
    9
    i'm stumped. in a way, he bought the stock certificate from its owner, who did not realize its value. if the yard sale was being held by the heir to the original owner of the stock certificates, the case gets really interesting really quick.

    also, that kind of assumes there's an operating conversion clause for the stock, as the company is technically defunct, and depending on the terms of the buy-out, it may be time barred.
     
  11. Droog

    Droog Well-Known Member VIP

    Reputations:
    142,648
    Joined:
    Jan 15, 2012
    Messages:
    15,447
    Likes Received:
    19,802
    This
     
  12. GHP

    GHP New Member Banned User

    Reputations:
    37
    Joined:
    Sep 2, 2010
    Messages:
    40,383
    Likes Received:
    6
    :jj:


    :iohi5:
     
  13. Schmoopy

    Schmoopy Shit Mult Hunter Gold

    Reputations:
    223,090
    Joined:
    Aug 25, 2010
    Messages:
    212,044
    Likes Received:
    35,250