wilma: We know what the author said and wrote.
1) We agree he said, "IPO".
2) We also agree he ONLY specifically stated about the subsidiaries going public, AS TRACKING STOCKS, and that the first "IPO" (TRACKING STOCK) would be as early as next year and it would most likely be the SUBSIDIARY, NantHealth, LLC, as early as next year.
3) We agree that he talks about the PARENT COMPANY, NantWorks, LLC, but curiously never mentions how THAT is going to be taken public.
3) We agree that for a TRACKING STOCK to be issued to the public, it must FIRST have it's PARENT COMPANY to be trading publicly. Can't put the cart in front of the horse here. First things first...PARENT STOCK trades THEN it "IPO's" a TRACKING STOCK for one of its subsidiaries.
Before, I assume too much, can you agree w/ the above statements? We have to establish that first. Do you agree and agree w/ the above statements?
So, venture to guess WHY the fact-checking author failed, didn't or couldn't mention anything on how the PARENT COMPANY, NantWorks, LLC, is going public. Or, if you can't, why don't you ask your friend Matt, again, on Twitter that question? Ask him why he didn't mention how the Parent Company, NantWorks, LLC, was going public?
It's pretty clear that when answering your questions on Twitter, your friend Matt didn't think more than two seconds on your questions before blurting out a response. Just as it's clear he doesn't really understand R(t)M's, the benefits, the pitfalls to taking LLC's public, the loss in 80% control he'd have in NantWorks, LLC if he took it public via a traditional IPO (this is KEY and Dr.SS's "MO" - it's how he operates...he retains CONTROL and the bulk of the worth he's built) and dismissed out of hand any notion of alternatives to his precious Wall St. brethren taking a company public.
Tying his Twitter comments to you back to his snide comments in Forbes, he snippedly scoffs at the notion that Dr.SS would do yet another monumental thing "on his own", like take his $7.7BB dollar Parent Company, NantWorks, LLC public w/o Wall St. holding his hand.
But, he did fact-check, didn't he, wilma? Yes, we agree, he did.
C'mon, wilma, give it a good guess as to why he left out how he suspected NantWorks, LLC was going to go public? Or, better, yet, contact Matt again on Twitter and ask HIM why he left that important fact out?
My guess is two-fold...he wasn't told and because he doesn't understand what a tracking stock is anyway so he didn't think twice about it.
lns
