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Indeed. What is the incentive for any common stockholder to sign what they will be asked to sign? I could imagine someone holding back purely out of spite. Tho
by Pyxl101 9y ago
Indeed. What is the incentive for any common stockholder to sign what they will be asked to sign? I could imagine someone holding back purely out of spite.
Though I suppose, perhaps, if those common stockholders are employees who want to keep their jobs rather than be laid off, that might be one reason, though an individual wouldn't learn whether they'll be retained until a later stage of the acquisition.
- confiscate 9y agoAgree. If the goal of the letter is to get signatures, starting off with "great news" and then leading to "you get $0" does not seem to be the most convincing nor effective way to phrase a signature request. Well, if the reader is an employee holding Common stock, and the employee signs just to keep her job, then she would have signed regardless of what the letter said anyways. Basically, it's hard for me to see a Common stock holder reading the letter, and then going "Ya that makes sense, I'd buy this. Let me sign it now."