Saturday, August 05, 2017 1:44:26 PM
It doesnt matter. Risk is what matters. He has risk vs reward for this action. He didnt have to take the risk. IMO its a risk worth the huge reward potential in their minds. That is the only reason they put this money at risk.
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The equity is restricted equity. The cash deployed was real dollars. Not services rendered. While he has voting rights superior to common, he has no redemption rights and can only convert the shares to common in a “fundamental” transaction. Which usually means the sale of all the assets or the Company itself. Shareholders should see this as this money put fully at risk with no change to liquidate any time soon ."
IMO
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