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

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    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

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  3. Schmoopy

    Schmoopy Shit Mult Hunter

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    The schmuck paid $131 million for it. :facepalm:
     
  4. DrivenByDemons

    DrivenByDemons Spinoff Jesus Staff Member

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    Dont really give a fuck.
     
  5. Time Bandit

    Time Bandit Well-Known Member

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    I think theres a case...maybe not for the mother load but a settlement offer
     
  6. Shivvy

    Shivvy 100k Post Club

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    being compared him to the Beverly Hillbillies :jj:
     
  7. Gomez

    Gomez Well-Known Member

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    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

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    I don't think there's a case. It's a stock certificate, not bearer bonds.
     
  9. Schmoopy

    Schmoopy Shit Mult Hunter

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    Well doggy! Granny didn't even go to school and speaks better English.


    [​IMG]
     
  10. MatthewT

    MatthewT Awaiting The Rapture VIP

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    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

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    This
     
  12. GHP

    GHP New Member Banned User

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    :jj:


    :iohi5:
     
  13. Schmoopy

    Schmoopy Shit Mult Hunter

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