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Strategies & Market Trends : Roth IRA ideas
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To: Bill Shepherd who wrote (44)2/1/1998 3:03:00 PM
From: Mitch Aunger  Read Replies (1) of 388
 
Bill,

Thanks for the reply.

I have heard that I need to talk to the custodian of the IRA. And, I guess I will have to. But, I can't see there is ANY way to value the stock other than what I paid for it. It CANNOT be sold on the open market. I can't sell it to anyone without getting approval from the company or the SEC or someone like that. There is NO public market for it so how can someone put a VALID price on it??

After the IPO, I can understand that it can be valued... then it will be trading on an open market. But until then, my only known basis is what I paid for it.

Even if the shares could be sold, they can't be re-bought on any market and the private placement is closed so I can't buy more from the company.

Thanks
Mitch
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