Tell me, enlightened, if Downs had all of these successful ventures prior to going public, including a HLS business worth $40 million plus for a minority share sale, why did he decide to go public in the first place? Companies only go public for two reasons; to raise capital for expansion, which according to Downs' story he didn't need, or to monitize insider holdings. When they go public accompanied by multiple promoters pushing the stock, and the company provides zero information about operations, guess which reason leaps to mind.
Or does Downs simply want to be a good guy and give away a "dividend" that he already owned?
