Money you've worked your ass off for keeping the wheels of this country turning for the better part of your life? The savings you watched dwindle down to nothing under one administration and then recover under the last? If you did you wouldn't make such ignorant comments about people hopeful to see their stock investments rise.
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.
Do you have your retirement money in the stock market?
Money you've worked your ass off for keeping the wheels of this country turning for the better part of your life? The savings you watched dwindle down to nothing under one administration and then recover under the last? If you did you wouldn't make such ignorant comments about people hopeful to see their stock investments rise.
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.