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The later authorized and issued shares are NOT considered equal to the initial class A shares. Here's a tutorial on the difference between class A shares, class
by goldenkey 9y ago
The later authorized and issued shares are NOT considered equal to the initial class A shares. Here's a tutorial on the difference between class A shares, class B shares, and so on...
https://www.delawareinc.com/blog/change-your-companys-number-of-authorized-shares/ https://www.delawareinc.com/blog/change-your-companys-number...
- KasianFranks 9y agoHere's a free tutorial on the way things really work as we're not talking about classes of shares, were talking about aggregate issuance: https://news.ycombinator.com/item?id=13844765 https://news.ycombinator.com/item?id=13844765 - we talk talk about "golden shares" and Yandex http://old.themoscowtimes.com/business/article/tmt/384137.html http://old.themoscowtimes.com/business/article/tmt/384137.ht... among other things.
- goldenkey 9y agoThank you. Those links were informative. However, with extra shares authorization and in the Yandex golden ticket case, shareholders/the board, voted to go ahead with those dilutions. This is quite different from a centrally controlled coin where the users are really just hoping for "good will" more than anything. No matter what, you would expect those who have a stake, to want to increase the worth of that stake. Problem with crypto is...they dump and no one finds out until later. And once they dump, they could care less about upholding the value through good management. For example, Charlie Lee, pumped then dumped LiteCoin just last week. Literally sold all of his coins. The price crashed hard. Now he can care less.