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I'm guessing if the company was put under administration, employees holding stock (which is bound to fundamentals anyhow) would just be another creditor realizi
by feralmoan 15y ago
I'm guessing if the company was put under administration, employees holding stock (which is bound to fundamentals anyhow) would just be another creditor realizing market rate.
- manuscreationis 15y agoNot sure what "under administration" means exactly, but the company was folding, and the CEO was selling the remains (the software, a few of the people, the name if they wanted it) to an investor who owned another company, to do with what he wanted. So it was priced at the "market" value, which he estimated to be quite low (and he was probably right, we weren't all that successful at the time).