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>>Instead, he's decided to use the existing business he founded decades ago as an outlet for his enthusiasm for Bitcoin. This is why God created activist invest
by otoburb 6y ago
>>Instead, he's decided to use the existing business he founded decades ago as an outlet for his enthusiasm for Bitcoin. This is why God created activist investors, I think.
In MSTR's case an activitist shareholder will be ignored because as per MSTR's latest 10-Q: "As of October 19, 2020, Mr. Saylor, our Chairman of the Board of Directors & Chief Executive Officer, beneficially owned 2,011,668 shares of class B common stock, or 73.4% of the total voting power. Accordingly, Mr. Saylor can control MicroStrategy through his ability todetermine the outcome of elections of our directors, amend our certificate of incorporation and by-laws, and take other actions requiring the vote or consentof stockholders, including mergers, going-private transactions, and other extraordinary transactions and their terms."[1]
[1] https://ir.microstrategy.com/static-files/dfe9fb22-b4d0-4d49-b4c5-795ebafc5abb https://ir.microstrategy.com/static-files/dfe9fb22-b4d0-4d49...