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SecondMarket was founded in 2004 by Barry Silbert to provide liquidity for restricted securities in public companies. Beginning in early 2008, SecondMarket expanded into other asset classes—first auction‐rate securities, then bankruptcy claims, limited partnership interests, structured products (MBS, CDO, ABS), [3] whole loans, private company stock, government IOUs and bitcoins.
A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar.
If you had owned stock in Barnes & Noble or Borders Group back then, you would have been wise to sell your shares ahead of the eventual downturn in the business. 4. Tax reasons.
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