Client Ditched My Work
Out of context: Reply #27
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- JSK0
BusterBoy
Nope. A friend of mine. I didn't believe it either until she ask me and my other friend to review the offering document.
She apparently helped them when they had no funding. Paid her in 1,000,000 shares. It was just 5 guys who ran the shop. Apparently, they never thought that they would get bought out or get funding. They got few rounds of funding in recent years and got bought out by a company after that (most likely pressured to sell from the investors). The company sold for $98 m.
My question is, who in their right mind give someone 1m worth of shares? Not the brightest business guys. Also, the offering to her wasn't even an actual stock offering, it was just a form of promissory note with out determined value or date, which in essence was just an IOU with no value.