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Tony Currently Owns 12,000 Shares of GL Tools

question 6

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Tony currently owns 12,000 shares of GL Tools.He has just been notified that the firm is issuing additional shares of stock and that he is being given a chance to purchase some of these shares prior to the shares being offered to the general public.What is this type of an offer called?

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Definitions:

Bush Pilot

A pilot who operates aircraft, often small planes, in remote and undeveloped areas, typically for the purposes of transporting goods or passengers to locations without established runways.

Remote Part

A component or aspect that is distantly or indirectly related to the main subject or event.

Breach Of Contract

The failure to perform a contract in accordance with its terms.

Government Contract

An agreement between a private party and a governmental entity for the provision of goods or services.

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