Own a Piece of Paper Implying Stock That Has No True Value Yet Ceremoniously Says You Own a Piece of the Packers. Or Don't. What Do I Care.

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Originally Posted by That Guy

"COMMON STOCK DOES NOT CONSTITUTE AN INVESTMENT IN “STOCK” IN THE COMMON SENSE OF THE TERM"

so i can buy a share of unregulated "stock" for $275, and they can buy it back for just under $0.03

WHERE DO I SIGN UP?!?!?!?!?!1/1/1

It sure does. Here is a def of common stock.

Securities representing equity ownership in a corporation, providing voting rights, and entitling the holder to a share of the company's success through dividends and/or capital appreciation. In the event of liquidation, common stockholders have rights to a company's assets only after bondholders, other debt holders, and preferred stockholders have been satisfied. Typically, common stockholders receive one vote per share to elect the company's board of directors

Its just the owners of common stock are the bottom feeders when the company goes belly up. I understood what was for sale here but calling it common stock is very misleading.