Comments on: Virgin Orbit completes $37 million stock sale

By: pzatchok

pzatchok — Mon, 09 Jan 2023 04:13:41 +0000

I just can not see anyone getting their money back out of this company unless the amount of flights really ramps up.
Something like once a week at least.

By: wayne

wayne — Sun, 08 Jan 2023 12:39:49 +0000

Alton–
For Michigan, you can issue up to 60K shares of stock for the $50 incorporation fee.
60,001 to 1 million shares = $100.

By: Max

Max — Sun, 08 Jan 2023 02:57:59 +0000

Branson “believes”
Unfortunately those who work for him don’t… They’re just there for the paycheck.
As with all evolving technologies, if you’re successful you will work yourself right out of a job. As a coworker used to say… “Save some for the grandkids”

I saw a recent picture of Branson on top of a mountain in Africa in one of the Twitter postings (scrolling down) on this site. I hardly recognized him.

By: pzatchok

pzatchok — Sun, 08 Jan 2023 02:16:33 +0000

How many 10 million dollar flights will this company have to make to break even?

How many per year over the next 5 years?

Essentially how much cash has been invested into this company and how much does it cost to construct and launch each rocket?

By: Col Beausabre

Col Beausabre — Fri, 06 Jan 2023 17:27:43 +0000

” suggests that some people in the UK government might not like Branson” Who does?

By: Alton

Alton — Fri, 06 Jan 2023 03:46:51 +0000

Check with your Local Tax Authority….

When my Corporation was Launched in the 80s, we were going to issue stock at one dollar a share, just to keep the values straight & easy for the PARTNERS capital contributions.

But the state (Virginia) taxed the transactions based on the number of stocks certificates issued,, thus each share was equal to several Thousand dollars to avoid the tax rate …thus saving thousands for each partner.

By: wayne

wayne — Fri, 06 Jan 2023 03:32:17 +0000

I’m puzzled by including the par value of $0.0001 per share? (Apple stock for example, has a par value $0.00001 per share.)
Most every par value for stock is a nominal amount and does not relate to the eventual market-price.