Crap, I’d have disappeared for a mere $100M!
Is this the company that is going IPO and has a warning in the prospectus that the company may NEVER achieve profitability? If so, then the NPV of its future earnings is less than zero, yet there are people who are going to give their money to these guys making them billionaires?
I did an armed guard gig at a company who paid their original founder $25 million to go away and he was still disgruntled. I think it was called “GodTube” like Youtube.
Reggie Brown may have the last laugh. These two other founders are offering stock to the public but the only stockholders who will have any voting power are the two guys who will retain 100% control of the company.
Would you buy their stock without having any voting power? I sure would not. I suspect that even if it opens at the offering price, within a short time, the price per share will be in the toilet.
158 mil? I think I could make it work. It would be tight, but I think I would get by.
CC
What a bunch of hype.
Teens already waste gargantuan amounts of time.
Wall St. needs another iPO to make billions in hedge profits before the President lowers the boom on their zero rate tax loophole.