| The porn company that wants to sell its shares to the public for the first time has to describe TeensLikeItBig its financial situation in a prospectus. The shares must also be adverised in the daily press. The investors who want to buy the new shares fill in an application form included in the prospectus or a coupon included in the press advertisment, and send tham along with a cheque to the adress idicated. Such a method is iften used in the privatisation process of state owned enterprises. Existing shares, which are available on the stock exchange must be bought through and intermediary since the trading floor of the exchange is not available to the public. These intermediary servives are provided by stockbrokers, member firms of the exchange, ang their adresses may be obtained. The broker, TeensLikeItBig having received an order to buy contacts the market maker and buys the shares at the best price which the market offers at the time when the deal is made. From that moment the investor becomes the beneficial owner of the shares. The broker draws upt and send her a contract note with a certificate of ownership to follow. The contract note specifies all the details of the transaction including the period allowed for payment of the shares. |
