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>The largest shareholder who owns 10% of the company was asked if he was going to put up more cash last week and he categorically said he won't. This arguably s
by jasode 4y ago
>The largest shareholder who owns 10% of the company was asked if he was going to put up more cash last week and he categorically said he won't. This arguably started/accelerated the fall, he probably regrets that now.
All-In Podcast said that a plausible reason for the Saudi Arabian investor capping at 9.9% was due to government regulations. Deep link :
https://www.youtube.com/watch?v=yYwfiqYocc0&t=11m20s https://www.youtube.com/watch?v=yYwfiqYocc0&t=11m20s
That said, I have no idea if the government rules about owning more than 10% is just a minor inconvenience or A Really Big Deal.
- mastax 4y agoThe investor in question brought that up right after saying "absolutely not." The problem is: he said "absolutely not."