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Peter Theil was a 3.5% shareholder in 2002 when it was sold to Ebay He likely was within the thresholds back in 1999 or very quickly after its director && >=
by vmception 5y ago
Peter Theil was a 3.5% shareholder in 2002 when it was sold to Ebay
He likely was within the thresholds back in 1999 or very quickly after
its director && >= 10%
not or
but feel free to split hairs about that nuance, this isnt an area the IRS is splitting hairs, they go with the percent ownership
- nrmitchi 5y agoOwning 3.5% after a acquisition by/merger with x.com, and raising $200M in funding is not anywhere near the same thing as owning 3.5% at the time of the Confinity founding (which is apparently why $0.001/share is valid?).
- vmception 5y agoIt doesn't matter if the ownership percentage changed quickly throughout the year of 1999 These kinds of sanctions are based on the result by time of reporting or audit, not by their mere action and as we’ve already gone over, he very well may have chosen to pay a self reported penalty if his accountant’s tax software just spit out that additional number of $2000