> It is irresponsible and manipulative. IMO, for a company to say, "we're giving you X shares worth Y dollars now and it might go up way more than that." That’

> It is irresponsible and manipulative. IMO, for a company to say, "we're giving you X shares worth Y dollars now and it might go up way more than that." That’s why it’s illegal to tell an employee (or any potential investor) that their X shares are worth $Y. You must give a 409a valuation or some other evidence to supplant the valuation, and you must clearly state what percentage the share represents (or disclose total number of shares). Misleading and false financial claims are fraud.