oleschoolaggie
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2009 Poster of the Year, 2009 Most Knowledgeable Poster
Posts: 24,676
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Post by oleschoolaggie on May 9, 2024 16:47:50 GMT -5
i'm by no means a finances expert, but aren't shares of stock only worth what you're able to sell them for? maybe some of you accounting majors can help a brutha out. the value of stock shares can go up or down every day, correct? so if the stock shares are legit and allegedly worth roughly $237 million, wouldn't it be "prudent" on famu's part to convert those shares to cash asap?
just seems to me as a non-finacial expert, that converting the stock to cash would resolve any controversy over whether this is a scam or not...
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AggieDad17
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Posts: 163
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Post by AggieDad17 on May 9, 2024 16:53:55 GMT -5
i'm by no means a finances expert, but aren't shares of stock only worth what you're able to sell them for? maybe some of you accounting majors can help a brutha out. the value of stock shares can go up or down every day, correct? so if the stock shares are legit and allegedly worth roughly $237 million, wouldn't it be "prudent" on famu's part to convert those shares to cash asap? just seems to me as a non-finacial expert, that converting the stock to cash would resolve any controversy over whether this is a scam or not... The value is determined by demand. We can see the demand and value of stocks on the open market exchanges. These shares are worthless. They are essentially “one day I expect them to be worth something” coupons. This guy tried it before with CCU and they saw through it. A HUGE embarrassment for FAMU, people should definitely be removed from positions for lack of due diligence. Not a good look for the institution. HOWEVER, will be great fodder for heckling during any A&T vs FAMU games. |
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oleschoolaggie
Official BDF member
2009 Poster of the Year, 2009 Most Knowledgeable Poster
Posts: 24,676
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Post by oleschoolaggie on May 9, 2024 17:22:11 GMT -5
i'm by no means a finances expert, but aren't shares of stock only worth what you're able to sell them for? maybe some of you accounting majors can help a brutha out. the value of stock shares can go up or down every day, correct? so if the stock shares are legit and allegedly worth roughly $237 million, wouldn't it be "prudent" on famu's part to convert those shares to cash asap? just seems to me as a non-finacial expert, that converting the stock to cash would resolve any controversy over whether this is a scam or not... The value is determined by demand. We can see the demand and value of stocks on the open market exchanges. These shares are worthless. They are essentially “one day I expect them to be worth something” coupons. This guy tried it before with CCU and they saw through it. A HUGE embarrassment for FAMU, people should definitely be removed from positions for lack of due diligence. Not a good look for the institution. HOWEVER, will be great fodder for heckling during any A&T vs FAMU games. thanks, aggiedad. that's what i thought... |
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Post by winstonaggie on May 9, 2024 21:35:30 GMT -5
FAMU Foundation Board Meeting. (start at 16:00)
Not a lot of good news at all. I hate this for FAMU.
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Post by aggie7983 on May 10, 2024 6:07:55 GMT -5
just seems to me as a non-finacial expert, that converting the stock to cash would resolve any controversy over whether this is a scam or not...
>> You're correct. They or he assigned a value of $17.00 per share. I read that the company gifted FAMU 14 million shares, so 14,000,000 x 17 ~ $238 million. The problem is NOBODY would pay $17.00 for this worthless paper.
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Post by The Professor on May 10, 2024 10:52:43 GMT -5
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Post by Bornthrilla on May 10, 2024 12:43:44 GMT -5
Again, my biggest question is what did Gerami think he was ultimately getting out of this deal?
Why was he so hellbent on donating money to different universities?
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bluehaze
Official BDF member
Posts: 6,237
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Post by bluehaze on May 10, 2024 13:41:52 GMT -5
Again, my biggest question is what did Gerami think he was ultimately getting out of this deal? Why was he so hellbent on donating money to different universities? He's mentally ill. |
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Post by Bornthrilla on May 10, 2024 13:57:23 GMT -5
Just crazy or crazy like a fox?
Mentally ill people don't usually have enough foresight to convince folks to sign NDAs.
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Post by westcoastaggie on May 10, 2024 14:42:37 GMT -5
Again, my biggest question is what did Gerami think he was ultimately getting out of this deal? Why was he so hellbent on donating money to different universities? He's using philanthropy in an attempt to fabricate the valuation of his company. |
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Post by Bornthrilla on May 10, 2024 14:50:25 GMT -5
Might've worked if he hadn't gotten so silly with the donation amount.
I bet a $5 million donation might've slipped under the radar.
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Post by Bornthrilla on May 10, 2024 16:22:21 GMT -5
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Post by SixtiesAggie on May 11, 2024 13:52:11 GMT -5
This morning Victor Blackwell did a story on CNN about FAMU's phantom gift presented at their commencement May 5th. The
30 year old donor was sitting in the audience dressed in cap and gown, presented the president with the mock check for millions. Problem is young man was not vetted or investigated. Blackwell had one of the influential BOT members on the show. He asked him,
if there are plans to fire the President as well as the person heading the University Development office. He said that a meeting of the board is planned for next week. He is hoping that this does not do irreclaimable harm to the university 's brand.
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Post by DOOMS on May 11, 2024 16:45:16 GMT -5
In today’s fast paced society there’s almost no such thing as “irreclaimable harm.”
It’ll be forgotten within six months.
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Post by Jesse Jackson's Side eye on May 11, 2024 22:06:15 GMT -5
Y'all wanna see a dead body?  FAMU-Batterson Family Gift Agreement Here is the link to the actual gift agreement...Somebody needs to go for this, Chancellor Martin would have NEVER lol |
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