Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 6.00

Red Lodge Metals Unlimited Inc

CP 11-2  Ethics and professional conduct in business

Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to under- take a high-risk gold-mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley feel that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a “bargain” price.

Discuss whether Lou and Shirley are behaving in a professional  manner.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 09:08 PM My Price 6.00

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