Two years ago, a benefactor donated a slug of stock to the Boys and Girls Club
of Pittsfield, Mass. Back then, it was "basically worthless," according
to John Donna, the club’s president. In December 2006, that stock was
million. Katie Zezima reports that "the club agreed not to disclose
who donated the stock or the company," but does it need to? If we can take
Zezima’s story at face value, we can probably assume that
- The company was publicly listed at the end of 2005, but basically worthless
– which probably means it went public at a much higher price some time
before then.
- By the end of 2006, the company had skyrocketed in value, quite possibly
by a factor of more than 1,000.
- Someone closely connected with the company has some kind of connection with
Pittsfield, Mass.
There really can’t be many companies which fit this bill. Any ideas?