InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,352.40
(
0.46%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.83
(
0.48%
)
Bitcoin
61,398.90
(
-0.34%
)
Post# of 54103
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Rodger90

Send PM Follow Ignore
Followers 7
Posts 549
Boards Moderated 0
Alias Born 02/02/2014

Rodger90

Re: OCTraderguy post# 24461

Tuesday, 05/13/2014 6:22:28 PM

Tuesday, May 13, 2014 6:22:28 PM

Post# of 54103
An aspect of the bump was Manu keeping his voting rights. He has 10M preferred. Initially his voting rights were 25 to 1. So with 250M shares he would no longer control the company. They are now 250 to 1. So issuing more than 2.5B shares would risk his controlling the company.

Of course he could increase the authorized and increase his voting rights again.
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up