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Old 04-24-2014 | 09:51 AM
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80ktsClamp
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Joined: Oct 2006
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From: Poodle Whisperer
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Originally Posted by orvil
Here is my beef with the process. The first transaction that Athena handled was done prior to the stock trading publicly. We couldn't have sold our stock until the new corporation IPO started to trade. Ok, it worked out. I participated in the Athena sale.

The second distribution was company wide. The stock was already trading publicly. But, DALPA withheld our allotment. They held on so long that it cost me 66%. They didn't ask me if I wanted Athena to handle a sale. There was no membership vote. DALPA just did it.

I'm happy for those that held onto their stock are reaping a reward. Congratulations to them. That doesn't change the fact that we should have gotten control of that stock immediately upon issuance instead of helplessly watching it tank. That has left a bitter taste.
That's fair enough. I suppose we lucked out.