Friday, September 11, 2020 3:29:24 PM
I also have a holding company. Let’s call it 2323EJ
My holding company buys a bunch of patents ( undisclosed) amount).
My holding company then sells the patents to company that I’m CEO of
I sell them for 300,000,000 shares.
How were the patents valued - who knows - I choose not to say.
What I do know is I just diluted my company that I’m the CEO of by 300,000,000 shares
Illegal - nope
Sucks for shareholders - yes.
As CEO, I would have some explaining to do but I will not address investors live so screw them.
This was made up of course - just a story.
Oh yeah - my 300,000,000 shares. I only need a dime above strike price to walk away with 30,000,000.
Even Gordon Gekko would love this deal.
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