On January 26, 2008, a 30-year-old man named Mike Merrill decided to sell himself in the stock market. Mike Merrill was born and raised in Detroit, Michigan,USA.
He divided himself into 100,000 shares and set an initial public offering price of $1 a share.
Over the next 10 days, 12 of his friends and acquaintances bought 929 shares, and Merrill ended up with a handful of extra cash.
He kept 99.1% stake to himself and 0.9% to others. The income earned by Mike should be distributed as a dividend to shareholders.
Each share would earn a potential return on profits he made of his day job as a customer service at a small Portland, Oregon, software company.
He sold 11823 shares publicly to 805 investors after the listing in stock markets.
The price of Mike Merrill share had made a high of $18 as the demand gets up.
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