In 2005, Robert Simpson, a Michigan State entrepreneur, wanted to see what would happen if he bought every single share in a public company, so he took $5000.00 of his own money, then went out and bought all 1,285,050 shares of a company named Global Links, listed on the OTC bulletin boards.
Now this is where things get kinda strange. Even though he had purchased every single share that was in circulation, when he woke up the next day to check the price, 37,044,500 shares had still managed to continue trading..??
The same thing happened the very next day. Again, when he turned on his computer to check the price, 22,471,000 shares had somehow managed to continue trading?!
How is that possible!?
Global Links had only issued 1,158,064 shares during its life as a public company, so how did this happen? Learn more