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well the article says his strike price was $1.50 and someone was able to complete a transaction for $28 in March Even if it’s dropped by 50%-$80% since then he
by tempsy 4y ago
well the article says his strike price was $1.50 and someone was able to complete a transaction for $28 in March
Even if it’s dropped by 50%-$80% since then he almost certainly could sell his vested shares even if it’s a lot lower for above breakeven on a secondary market if he’s desperate for cash.
- crhulls 4y agoAt some point the secondary market value becomes $0 for common shares due to the preference stack, which in Bolt’s case is probably over a billion. So if the market views Bolt at less than a billion common is worth nothing.