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August 05, 2004
Google Illegal Share Issuing
Cnet reports on a possibility that Google could have issued millions of shares to employees illegaly over the past three years.
Google, allegedly, offered to purchase more than 23 million shares sold to 1105 employees and 5.6 million stock options held by 301 people. According to CNet:
"These option grants and stock issuances may have violated the Securities Act of 1933 and the state securities laws" of 18 states, including Arkansas, California and Colorado, as well as the District of Columbia, according to the filing.
On another matter, rumours have been circulating today that the IPO date of Google will take place next week and a possible date is the 10th of August.
Harry @ Rugles Website Marketing
Posted by Basileios at August 5, 2004 06:00 AM
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