Currently, fund companies are required to distribute a full prospectus to prospective shareholders before making a sale.

That might have made CBS attractive to a prospective shareholder.

If the prospective shareholder managed that with elan, entrance was taken for granted.

Accordingly, prospective shareholders are typically required to submit an application for admission that gives details about their finances, personal history and lifestyle, sometimes with extreme specificity.

Discuss how your analysis would have been altered if you were carrying out the analysis on behalf of a prospective shareholder.

And should prospective shareholders be warned of the past problems?

A case in point is the annual investment conference he held on Friday in Manhattan for current and prospective shareholders.

Mr. Katz has been asking questions that nearly every prospective shareholder asks when contemplating what could be the most significant investment of a lifetime.

A prospective shareholder should have "a minimum of $100 million in liquid assets," she added.

However World War I intervened and the company ended up being dissolved with all money being returned to the prospective shareholders.