Looking for an explanation, any help would be appr
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Posted On: 07/12/2019 7:08:54 AM
Looking for an explanation, any help would be appreciated. If bashers use this post as an excuse to jump in, I want no part of it.
I just got around to seeing the Information Statement that was, apparently sent out, although I didn't get one (I guess TDA didn't send them out), at the time of the recent issue of the additional 2.5B shares.
On page 24," Information On Consenting Stockholders" (who have enough shares to determine the outcome of voting by themselves), it shows that Mark, George, and Ram each own 3.3B voting shares, there were 10.1B voting shares, prior to the latest 2.5B. This seems to include the total of publicly traded plus Series A and Series B preferred shares.
This is where it gets confusing to me, as this seems to indicate at least 5B more shares than I had known about, before the recent issuance of another 2.5B. If the company gets sold, is the sale price divided by the, now, entire 12+B shares? And is this latest 2.5B going to the Principals as preferred shares, and is that why Mark said it wouldn't directly effect share price? Are they, in effect, a bonus or some sort of deferred compensation? Maybe in lieu of salary?
It seems like an awful lot of shares out there in SFOR. I'm not saying it's toxic, but how can the company attain dramatically higher share price or be sold for an outrageous amount, if all of these extra shares have to be factored in? I really can't understand what's going on, so if someone can please explain, thanks in advance.
I just got around to seeing the Information Statement that was, apparently sent out, although I didn't get one (I guess TDA didn't send them out), at the time of the recent issue of the additional 2.5B shares.
On page 24," Information On Consenting Stockholders" (who have enough shares to determine the outcome of voting by themselves), it shows that Mark, George, and Ram each own 3.3B voting shares, there were 10.1B voting shares, prior to the latest 2.5B. This seems to include the total of publicly traded plus Series A and Series B preferred shares.
This is where it gets confusing to me, as this seems to indicate at least 5B more shares than I had known about, before the recent issuance of another 2.5B. If the company gets sold, is the sale price divided by the, now, entire 12+B shares? And is this latest 2.5B going to the Principals as preferred shares, and is that why Mark said it wouldn't directly effect share price? Are they, in effect, a bonus or some sort of deferred compensation? Maybe in lieu of salary?
It seems like an awful lot of shares out there in SFOR. I'm not saying it's toxic, but how can the company attain dramatically higher share price or be sold for an outrageous amount, if all of these extra shares have to be factored in? I really can't understand what's going on, so if someone can please explain, thanks in advance.
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