1 Once upon a time, when you bought broccoli you bought the whole vegetable, stems and crowns. Then it became customary for grocery store produce departments to separate the crowns from the stems and to sell the crowns at a premium. 2  Iâm not a fan of this practice, because I like both parts of the broccoli plant.
A company's first issue of common stock to the public is called an Initial Public Offering. Afterwards, a corporation may issue new equity at any time in order to finance its growth. When new common shares are offered to existing shareholders first, this is called a rights offering.
Resale of memberships is via the open market and the transaction of the membership sale is between the seller and buyer. A transfer fee of 25% of the Club listed rate, currently at $24,075.00 is payable to The American Club at the time of submission of the transfer form. This membership category is open to any person who is not eligible for Ordinary Membership and who is over 21 years of age. *Prices are inclusive of 7% GST.