4 ms·

> he has said he has no plans to sell any shares That's nice. Plans change if you end up owing legal damages.

• ars 7y ago
  It's not quite that simple he has to file in advance in order to sell. Saying no plans to sell means he has not filed with the SEC saying he will sell.
  • favorited 7y ago
    He doesn't have legal damages yet, so of course he hasn't filed to sell his shares at this point.
• HNLurker2 7y ago
  If you don't have more than 51% percent or major equity then you're pretty powerless in the company. Also selling equity is like showing doubt about the mission of the company which will also kill the company