Can someone translate for me lol. I’m not a stock person at all but did by 1k worth of shares when they were $45 a share. Is this a good thing for someone in my position?
Yes- If I am interpreting it correctly, there are currently about 20-30 million shares; and when the merger happens he is promising we all will get 40 million shares- meaning our number of shares will double. Everyone on the planet wants to double their money so the stock is likely about to skyrocket, because when the deal goes through everyone's holding value doubles! I hope I am interpreting this correctly. This man truly is a genius. Yes, I said it again.
TL;DR, these earnout shares are for the shareholders of TMTG, pre-merger. Those would be the people putting up the initial stake and the execs getting this thing off the ground.
There are targets to hit relating to the stock price, and are payable after 3 years... it's an incentive to drive the company's value, not a freebie to us acolytes.
Can someone translate for me lol. I’m not a stock person at all but did by 1k worth of shares when they were $45 a share. Is this a good thing for someone in my position?
Yes- If I am interpreting it correctly, there are currently about 20-30 million shares; and when the merger happens he is promising we all will get 40 million shares- meaning our number of shares will double. Everyone on the planet wants to double their money so the stock is likely about to skyrocket, because when the deal goes through everyone's holding value doubles! I hope I am interpreting this correctly. This man truly is a genius. Yes, I said it again.
Adding a correction to every comment and then deleting--- my post is an error! Here is what another commenter posted:
Hol' up, hoss. These 40M shares are not for us.
Sauce: https://www.sec.gov/Archives/edgar/data/1849635/000119312521308146/d230221d8k.htm
TL;DR, these earnout shares are for the shareholders of TMTG, pre-merger. Those would be the people putting up the initial stake and the execs getting this thing off the ground.
There are targets to hit relating to the stock price, and are payable after 3 years... it's an incentive to drive the company's value, not a freebie to us acolytes.
Aw shucks, thanks for updating!