Originally Posted by
CliffordK
I was wondering that. It sounds like they're selling paper stock certificates rather than going through the New York Stock Exchange or NASDAQ. Presumably a broker could convert them to cash. But, there may not be any market for the paper.
It clearly says Class B, "Non Voting". I haven't really voted with other stocks, but I was thinking that might be an option for a local company. At least to have the option.
It sounds like they're trying to even out their production. I assume sales boom from say March through September, and bust from September through February. While their bikes are semi-custom, I believe that most of them are built around stock frame sizes, stock mast sizes, and stock gooseneck sizes. So, they could get 1000 frames built and ready to powdercoat and assemble over the winter. Perhaps even powdercoating a few. Thus getting a jump on their next year's production.
Yeah, on a closer look, its just stock certificates between shareholder and BF.
At most, I will be able to sell it onto someone else for an 'internal price' that is mutually agreed.
Its still that 15% discount that is not that attractive.
How many BF would I want to buy? and they are supposed to last.
I can't sell the bike off for a slight profit either and even selling off after a year of use at break even will not be easy.
So they could have been more generous with the discount; like 20-25% off and only able to buy 1-2 bikes a year.
From a ROI standpoint, its not that clear, since one has to find a buyer for the shares himself and its not entirely clear what the growth will be.