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Now you're playing with words MacLuv... If you truly did work on Wal St you know that having unissued stock is not the same as having tradeable stock. And creating treasury stock is equivalent to a share buyback - again not the same as owning tradeable stock. So going from your initial...

MacLuv, check your PM

Ed just so I know, could you PM me with what I said about MacLuv? I just don't want to make the same mistake again.

For anyone wondering, the above post is in reponse to a post whare MacLuv claimed he had worked on Wall St. Apparently he was so successful he has been able to retire to New Zealand at the tender age of 33. That post has now been edited/removed.

Believe it or not London is (still) a major financial centre. Thankfully my work never took me to Wall St. I imagine the NYSE is at 111 Wall St in which case that'd make you an ex trader... in which case you wouldn't know as much as the brains behind Wall St i.e. Corporate Financiers...

So what'd you do on Wall St (and what's at 111 Wall St?)

No Macluv, there are no (legal) ways for a company to own it's own shares. I used to work in Corporate Finance in the City (London's Wall St.) so please don't try and tell me how structured finance works.

Sorry MacLuv but you're just plain wrong. Apple may own shares but certainly not shares in Apple - it can issue new shares but can't "own" them. When Apple buys it's own shares this is a known as a buy back & the number of shares in issue drops. Companies do this to bolster stock prices...

Actually MacLuv, when you buy Apple stock, you don't benefit Apple - you benefit the person who previously owned the stock. The only time you'd actually benefit Apple was if you participated in an IPO or a rights issue (where you already own some stock and they give you the chance to buy more...