Zynga Inc (ZNGA)

[PokerVertigo]

That statement of his is as disingenuous as can get. First off, majority of his voting power right now comes from Class C shares which have 70 to 1 voting power. So it isn't like he's actually not selling, he's already sold a TON of shares. If he tries to sell his class C shares, he won't get a ton of money but will lose a ton of control.

Class C has to convert to Class A first in order to sell..

1 Class C converts to 1 Class A... but he loses 69 votes in that conversion as Class A has 1 vote per share.

Another thing also, rest of his shares are Class B shares which have 7 to 1 voting power. Same deal as before.. if he converts it.. he loses votes.

This prick has already sold a ton of shares, so for him to say he'll "NEVER" sell is a crock. He needs to get arrested.