I'm gonna make $100,000 for doing nothing

  • #1
1,104
25
I'm gonna make $100,000 for doing nothing!!

so i just got offered a job at my company where i have been an intern at for the past 2 years. with the offer comes 3500 shares of company stock. right now the stock is at $20 a share, however, when the FDA approves our drug in November (we are 95% sure it will get through), our stock is projected to go up to $60. I got in at just the right time. Oh man i am going to be the only 23 year old that I know that has a new house completely paid off--with cash!!!:biggrin: :biggrin:
 

Answers and Replies

  • #2
330
1
wow that's alot.

Stock is dangeous but someitmes starnge.
Me and my great grandfather invested in a company that went out bussiness the next month. A year later My great grandfather told me it went it up. He said when it hits a 1$(or maybe $5) he's going to give 5,000
 
  • #3
-Job-
Science Advisor
1,146
1
I'm sure you've earned that money one way or another, or so i'd like to think. Some suffering in the past perhaps, there must be something.
 
  • #4
Evo
Mentor
23,154
2,799
gravenewworld said:
so i just got offered a job at my company where i have been an intern at for the past 2 years. with the offer comes 3500 shares of company stock. right now the stock is at $20 a share, however, when the FDA approves our drug in November (we are 95% sure it will get through), our stock is projected to go up to $60. I got in at just the right time. Oh man i am going to be the only 23 year old that I know that has a new house completely paid off--with cash!!!:biggrin: :biggrin:
Are these actually shares of stock, or stock options, which you have a guaranteed price to buy, but you have to wait (usually 5 years) for them to vest?

I was going to be able to put the evo child through school too, with 27,000 stock options AT&T gave me, then the stock dropped and I could never excersize the options.
 
  • #5
2,985
15
[whisper] be irresponsible and buy a ferrari [/whisper]
 
  • #6
213
2
my grandma got into stock market about 10 years ago, hoping to become a millionaire, today, from whole 5000, she's got 2500 still with chances to be as rich as Billo Gates.
 
  • #7
1,104
25
Evo said:
Are these actually shares of stock, or stock options, which you have a guaranteed price to buy, but you have to wait (usually 5 years) for them to vest?

I was going to be able to put the evo child through school too, with 27,000 stock options AT&T gave me, then the stock dropped and I could never excersize the options.

it is stock
 
  • #8
Evo
Mentor
23,154
2,799
gravenewworld said:
it is stock
Then cash it in the minute it hits the rate you're expecting.
 
  • #9
Pengwuino
Gold Member
4,989
16
gravenewworld said:
however, when the FDA approves our drug in November (we are 95% sure it will get through), our stock is projected to go up to $60.
Sounds like a good sales pitch
 
  • #10
Evo
Mentor
23,154
2,799
Pengwuino said:
Sounds like a good sales pitch
The good thing is that it's not costing him anything and he only stands to profit if the predictions come true. He's not being asked to buy stock. I've known people to make huge amounts of money on offers like this.

gravenewworld, you have to promise to buy me a dark chocolate bar of at least 12 oz if this happens because I believed you. :smile:
 
  • #11
2,985
15
[whisper]motorcycle, ferrari, corvette, porsche, ferrari [/whisper]
 
  • #12
Danger
Gold Member
9,607
246
cyrusabdollahi said:
[whisper]motorcycle, ferrari, corvette, porsche, ferrari [/whisper]
[whisper]ROADRUNNER REBUILD FUND[/whisper]
 
Last edited:
  • #13
berkeman
Mentor
58,172
8,219
I'm gonna make $100,000 for doing nothing!!
That's kind of unfortunate, graven. Speaking as someone who has worked in Silicon Valley real hard at a startup and done pretty well (not quite enough to retire on, but enough for the family to be comfortable on and to put the kids through whatever schools they are up for), you should not brag at doing nothing and getting good stock option offerings. The whole stock offering for extraordinary performance thing is in jeapordy at the moment thanks to shortsighted legislation, and your post doesn't help at all. Hopefully you are a hotshot who was hired at a startup based on your extraordinary future promise, and not a freeloader who got in lucky because of a relative or something. I know we have very high hiring standards in our R&D Lab, even though we are a few years past our startup phase....
 
  • #14
4
0
gravenewworld said:
so i just got offered a job at my company where i have been an intern at for the past 2 years. with the offer comes 3500 shares of company stock. right now the stock is at $20 a share, however, when the FDA approves our drug in November (we are 95% sure it will get through), our stock is projected to go up to $60. I got in at just the right time.
Yeah, a similar thing happened with my wife. About a year after we started dating, she scored a really high-paying job and now I'm on easy street (left off of Monroe). The best part is that the money keeps coming. I haven't had to work a day all weekend.
 
  • #15
J77
1,076
1
Lend us a fiver :tongue:

Congrats on your windfall!

Of course, when I won the lottery it didn't change my life...




...Much!!! :biggrin:
 
  • #16
Astronuc
Staff Emeritus
Science Advisor
18,903
2,204
gravenewworld said:
Oh man i am going to be the only 23 year old that I know that has a new house completely paid off--with cash!!!
Watch out for capital gains tax! That could take a bite out of that cash. In my area of the country, houses cost way more than $100K.
 
  • #17
FredGarvin
Science Advisor
5,066
8
The best laid plans of mice and men...

Good luck with your free money.
 
  • #18
Chi Meson
Science Advisor
Homework Helper
1,789
10
Astronuc said:
Watch out for capital gains tax! That could take a bite out of that cash. In my area of the country, houses cost way more than $100K.
I was just gonna say...
"what a dinky house!" or something:biggrin:
 
  • #19
168
0
You may want to think about closing you position in the near future, the market is due for a real shakeout in the next quarter.
 
  • #20
7
0
I'm also getting $100,000... but it's not for "nothing." I literally had blood, sweat, and tears (not to mention a lot of broken bones) for this one.

Anyway, congrats. :)
 
  • #21
brewnog
Science Advisor
Gold Member
2,711
7
Good luck! Don't lose sight of the fact that you getting the money is based on a pretty big "if". Don't spend it before you've got it.
 
  • #22
Evo
Mentor
23,154
2,799
Ideologue said:
You speak for everyone, do you, buddy?
Ideologue, you're on the wrong forum to be discussing this.

No one on earth is more sensitive to the suffering of animals than I am, and although I wish there was an alternative, there is not.

Also, you have seriously derailed this thread, so I have to warn you...no more posts about this in this thread. I am deleting the off topic posts.

If you want to start a thread about animal testing, you may, but you must cite valid articles, not emotional, unscientific facts.
 
Last edited:
  • #23
21
0
Evo said:
Ideologue, you're on the wrong forum to be discussing this.

No one on earth is more sensitive to the suffering of animals than I am, and although I wish there was an alternative, there is not.

Also, you have seriously derailed this thread, so I have to warn you...no more posts about this in this thread. I am deleting the off topic posts.

I posted that last message before I read your post.

But I disagree. What I post is very much on-topic, and is mostly in response to what others have directed at me.

Edit: There are plenty of scientific facts, and articles, within the links I posted. They back up my claims that the animal testing industry is nothing but a sinister affair and bad science.

What I posted is a brief summary of facts. I am not led by emotion, unlike, as it would seem, many of the posters that responded to me are.
 
Last edited:
  • #24
Pengwuino
Gold Member
4,989
16
I just realized.. you'll probably make about $30k. I wouldn't expect the stock to go up to half of what they're saying and capital gains will take a good 30-40% away.

Oh and deduct 10% for the friends tax. For those of you who don't know, its the tax brought upon by the new friends you'll all of a sudden have that forgot about you years ago.
 
Last edited:
  • #25
loseyourname
Staff Emeritus
Gold Member
1,749
5
gravenewworld said:
so i just got offered a job at my company where i have been an intern at for the past 2 years. with the offer comes 3500 shares of company stock. right now the stock is at $20 a share, however, when the FDA approves our drug in November (we are 95% sure it will get through), our stock is projected to go up to $60. I got in at just the right time. Oh man i am going to be the only 23 year old that I know that has a new house completely paid off--with cash!!!:biggrin: :biggrin:
You mind giving us the exchange and symbol for this stock so we can share in the profits?

Then again, how much do I trust you to be taking stock advice from you. I'll eventually have plenty of money if I just wait long enough.
 

Related Threads on I'm gonna make $100,000 for doing nothing

  • Last Post
Replies
13
Views
2K
  • Last Post
3
Replies
65
Views
5K
  • Last Post
2
Replies
46
Views
15K
  • Last Post
Replies
7
Views
2K
  • Last Post
3
Replies
71
Views
7K
  • Last Post
Replies
5
Views
2K
Replies
10
Views
2K
  • Last Post
4
Replies
99
Views
7K
  • Last Post
Replies
14
Views
7K
  • Last Post
Replies
23
Views
3K
Top