Open Guide to Equity Compensation
The private company I work for issues stock "promises" on fancy certificates. Each certificate claims to be worth X shares for an estimated value of Y.<p>Clearly they are not stock options, nor RSUs nor anything fancy or official like that. They are just fancy certificates with unverifiable claims. Is there any legal or financial value to these things? Is there a name for these types of pseudo-stocks? Where in the linked article is this discussed?