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The only entity buying stock here is Softbank (AFAIK), who is definitely not a "poor person". Outside of the handful of companies who have previously invested
by rrix2 9y ago
The only entity buying stock here is Softbank (AFAIK), who is definitely not a "poor person".
Outside of the handful of companies who have previously invested in the company (who are surely accredited), most entities who would qualify for this tender would be individual early employees. The accreditation requirement is also being held to those individual stock holders and option holders at the company who want to tender a sale of them to Softbank. Many are random engineers on this forum and other early-ish employees. Many may not meet the requirements for SEC accreditation, rules which specifically delineate around the wealth of the entity.