Replies to post #8791 on Soupman Inc. (fka SOUPQ)

[OMMB]

Huh. That's totally inaccurate. People still own shares of a private company. Typically less people. There is still a share structure. Even in the case of a private company being owned by a single individual. Their ownership is 100%.

[Joe Crab]

Yeah, here's the problem, when they do that, they have to offer compensation to the shareholders, and as all of us who have been following this on a daily basis are well aware of, this Judge is very concerned about fairness. In fact fairness to the stockholders was stipulated in the judgement.

[Phantom_Trader]

That's because in those instances they don't already own $4 million dollars worth of said shares lmao.....but I have to think you already know this by now

[Santes8]

In this case it would though.
(Not sure I've ever heard of a company throwing away $4M just for fun...)

Can you point to where they said they were going private please? I missed that.