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Lisa and Lou are organizing L&L Mining, Inc. to undertake a high-risk gold mining venture in Canada. Lisa and Lou tentatively plan to request
Lisa and Lou are organizing L&L Mining, Inc. to undertake a high-risk gold mining venture in Canada. Lisa and Lou tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lisa and Lou have decided to establish a par value of $0.03 per share in order to appeal to a wide variety of potential investors. Lisa and Lou believe that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a "bargain" price. Discuss whether Lisa and Lou are behaving in a professional manner. If necessary, make your own assumptions and render opinion(s). Please write your own response (three to four paragraphs), first, and then respond at least to two (2) of your classmates. To receive full credit, make sure to
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