An opportunity arises to buy a skateboard company, this will give the current company another product to sell and grow it even more.
In order to raise enough money we are issuing preferred stock, and giving that to the owners of the skateboard company.
As long as the business is doing well preferred stockholders receive regular income, known as dividends.
An original stockholder of the Hughes company sold their shares for cash. The companies shares are sold in town but the company is located in an OTC market.
If the company continues to grow it could eventually become part of the NYSE by paying a yearly fee and meeting other requirements.
The NYSE is located in a building on Wall St. in N.Y.C. in order to be listed a company must have 300,000 or more shares, owned by at least 1,500 people, also publish financial statements every three months.