Post

If I sold 1/1,000,000,000,000th of my company to someone for $1 and kept the remaining shares would that make me a paper trillionaire

10 reposts152 likes

I've got at least two people in replies offering the dollar. Does that make the price unfair?

Chuckle as you will, but I’m pretty sure exactly this conspiracy happens all the time for loans. Your paper trillions might qualify you for quadrillions in financing, which would be the point

that is in fact how some crypto scams work! there are automated margin loans available based on the paper wealth

Technically the entire stock market works like that since the liquid stock is almost never a majority of its total stock. But you do need a bit of trade volume before anybody takes you seriously (and this is where wash trades comes in lol)