3 ms·
Depending on the size of the company, the best person to ask would be the CFO or CEO of BigMachines. They may be super busy at the moment though given the rece
by kenrose 13y ago
Depending on the size of the company, the best person to ask would be the CFO or CEO of BigMachines. They may be super busy at the moment though given the recent purchase. :-)
That said, to answer your question of "am I now a millionaire?", there's some info you need about your shares and the deal:
1) What class do your shares belong to? Are you shares common shares (they probably are)? Are there any preferred shares (there probably are if the firm took VC money). In any liquidity event (like a company getting bought), preferred shareholders get paid first, then common shareholders.
2) You have 2000 shares. How many shares in total are there?
2) What are the terms of the deal? Cash? Cash and stock? How much? The press release doesn't mention it.
Note that as a shareholder, you may find out the amount. Please do not share it here. If it wasn't mentioned in the press release, it's likely not meant for public consumption.
- padseeker 13y ago1) I am certain they are common shares, and I do believe that there are preferred shares as they did take VC money. The company started pre 2000 so they've been around the block. 2) I have no idea how many shares there are, but I know it is more than a million, and probably more than 10 million. 3) I have no idea. You are right there is nothing in the press about the terms of the deal. I am certain I am not a millionaire. But the ability to put a down payment on a house might be nice. I don't know if I just have to wait a while to figure out what all this means.
- JoachimSchipper 13y agoDon't count on "house" money either; if there are just 10 million (all) common shares and the company sold for $10 MM, you'll (eventually) be the proud owner of $2 000, or the equivalent in Oracle shares.