The other day, we mentioned that we’d been contacted by an “agent” who said he represents lots of former Facebook employees, and that he had almost 20 million Facebook shares for sale.
Price: ~$700 million.
We asked if anybody out there was interested in buying some of those shares.
The answer is yes; there are.
Shortly after our post went up we started getting emails, calls, and even a text.
Here are some of our favourite messages from those people. We’ve redacted emails and contact info for reasons we’ll explain below:
And, our favourite:
For a minute, we thought about passing on the names and contact details of these interested buyers to our agent friend.
But then – phew – we remembered to call our favourite SEC law expert, Adam Pritchard – one of the top securities law professors in the country and author of the authoritative text book, “Securities Regulation: The Essentials.”
Pritchard kindly advised us not to go one teeny tiny step further. He said that if we hooked up any buyers and sellers, the SEC might view us as an unregistered broker – even if we were not taking any money in the transaction.
So OK. We won’t hook up buyer and sellers; we’ll leave that to Sharespost and SecondMarket.
But you know what Pritchard said we can do? Report the news. And you know what’s news?
Deals and interest in deals. Reach us at [email protected] or 646.376.6014.