Melon Usk (say) wants to make cars, but he can’t pay for the factory himself, so he forms a company, sells shares in it, and uses the proceeds to build a factory. Now he and his shareholders can make cars, so the shares are worth more.
Who lost money?
Melon Usk (say) wants to make cars, but he can’t pay for the factory himself, so he forms a company, sells shares in it, and uses the proceeds to build a factory. Now he and his shareholders can make cars, so the shares are worth more.
Who lost money?