(Total Views: 380)
Posted On: 05/27/2021 1:07:34 AM
Post# of 36564
Here is my take on this.
Yes, I agree that these dividend shares were given to us for free. But they were given to us as part of the compensation for the hit we took when Joe needed to do the reverse stock split shortly after he took office.
Back when these dividend shares were given to us there was no talk about a) a restriction period and b) they represented a certain share of the company and c) we were told that the IPO will happen soon.
Now let's look at the situation now.
a) restriction to sell can be up to 18 months, when Joe mentioned this on here for the first time he talked about a possible 90 days forced hold b) even on the day of the IPO or in the 1.5 years afterwards we will not know what share of the company our gift will represent and c) even more than 1 entire year after we received the second dividend (our in my case I should rather say, it was promised to me) this IPO has neither yet happened nor do we really even know when it will take place.
What would a child think of the situation when you first tell it that it will receive a chocolate bar? Excited at first! Then it is told that it has to wait until the candy store opens again after the Corona pandemic finished! Not so excited anymore! Then he is told that he has to keep the chocolate for 1.5 years after he received it. Excitement turns into indifference, and it finally gets upset when it learns that he has to share the chocolate with a not yet clearly defined number of kids from the neighborhood, one the Wattierung period is over.
In my view it is not the problem of being told that we will receive a candy bar, the frustration I read or of a lot of these recent posts on here, is that they keep changing the rules about when and how much of that I am able to keep and eat myself.
Yes, I agree that these dividend shares were given to us for free. But they were given to us as part of the compensation for the hit we took when Joe needed to do the reverse stock split shortly after he took office.
Back when these dividend shares were given to us there was no talk about a) a restriction period and b) they represented a certain share of the company and c) we were told that the IPO will happen soon.
Now let's look at the situation now.
a) restriction to sell can be up to 18 months, when Joe mentioned this on here for the first time he talked about a possible 90 days forced hold b) even on the day of the IPO or in the 1.5 years afterwards we will not know what share of the company our gift will represent and c) even more than 1 entire year after we received the second dividend (our in my case I should rather say, it was promised to me) this IPO has neither yet happened nor do we really even know when it will take place.
What would a child think of the situation when you first tell it that it will receive a chocolate bar? Excited at first! Then it is told that it has to wait until the candy store opens again after the Corona pandemic finished! Not so excited anymore! Then he is told that he has to keep the chocolate for 1.5 years after he received it. Excitement turns into indifference, and it finally gets upset when it learns that he has to share the chocolate with a not yet clearly defined number of kids from the neighborhood, one the Wattierung period is over.
In my view it is not the problem of being told that we will receive a candy bar, the frustration I read or of a lot of these recent posts on here, is that they keep changing the rules about when and how much of that I am able to keep and eat myself.
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