$5 stock worth 130 mil (1 Viewer)

[mrln]

One man's trash is another man's $130 million Coca-Cola stock certificate.
In 2008, the now-deceased Tony Marohn bought a number of documents at a garage sale for around $5, one of which was a stock certificate for an oil company called Palmer Union Oil Co., The Daily Mail reports. Marohn then discovered the company's successor is Coca-Cola and claimed that the certificate represented 1.8 million shares of the company, or a $130 million stake. Coca-Cola denied the claim and sued Marohn the next year.

link - http://www.huffingtonpost.com/2012/...d=maing-grid7|main5|dl3|sec1_lnk2&pLid=150379

 

[aRyan]

Pretty sad that Coca-Cola is suing them (unless they really have grounds for the suit and don't just think they can out do the family with expensive lawyers) seeing that Coca-Cola makes more than 34 billion dollars annually.