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Because that's probably when the GP bought in, and the GP is mostly concerned about what their return would be from this. A 54% premium on the current price is
by pc86 5y ago
Because that's probably when the GP bought in, and the GP is mostly concerned about what their return would be from this.
A 54% premium on the current price is absolutely in the ballpark of "tremendous potential." If you think it's not, it's easy to vote against this. I'm not sure I buy Elon's "the company has to be private to make these changes" argument, and if there was a path for current public shareholders to remain private shareholders and potentially reap the rewards of a future acquisition or second IPO, I think a lot of them would be all for it.
- hackernewds 5y agoWho is GP?
- fishtoaster 5y agoThe "Grand Parent" commenter - that is, the HN user "snowwrestler".
- throwaway-jim 5y agoI thought it was "general public"
- pc86 5y agoSnowwrestler in this context, I've always taken it to mean two comments above whatever comment says "GP" (grandparent/grandposter of current comment). But I've seen GP/OP used in slightly different contexts which is sometimes a bit confusing admittedly.
- zekrioca 5y agoYes, I always thought GP and OP were similar..
- MezzoDelCammin 5y agoIMO it's General Public
- tekronis 5y agoGP in this context is most likely the General Partners.
- pc86 5y agoSerious question, why reply hours after there are several comments with an obviously wrong answer?