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It's obviously not for the $100, that's just a small, round value to make it legal (some money has to change hands, even if just $1.) Likely the CEO explains t
by slashdev 3y ago
It's obviously not for the $100, that's just a small, round value to make it legal (some money has to change hands, even if just $1.)
Likely the CEO explains that it's worth nothing, they're re-organizing things for such and such a purpose, and the 15% stake in the cap tables is an inconvenience preventing a possible deal. Please could you do us a favor and help us clear that from the cap table.
I'm the kind of person that would fall for that.
- rompic 3y agoCould be a "peppercorn" as described in https://en.m.wikipedia.org/wiki/Peppercorn_(law) https://en.m.wikipedia.org/wiki/Peppercorn_(law)
- ikekkdcjkfke 3y agoOh, I felt that. That's we I need an always on AI assistant game theory optimizer.